SpaceX overtakes Amazon after $85.7 billion IPO (opens in new tab)

SpaceX passed Amazon in market value during Tuesday trading, days after its Nasdaq debut, as shares in Elon Musk’s rocket, satellite internet and AI company extended a sharp post-IPO rally. The stock closed at $201.80, up 4.8%, giving SpaceX a market value of roughly $2.64 trillion to $2.65 trillion; Amazon’s value was reported at about $2.65 trillion to $2.66 trillion, leaving the companies nearly level at the end of the session after SpaceX led for much of the day. The rally followed the la...