SpaceX soars past Amazon in market value after IPO frenzy; options trading begins

Jun 16, 2026 - 22:00
SpaceX soars past Amazon in market value after IPO frenzy; options trading begins

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SpaceX shares soared over 14% Tuesday, briefly surpassing Amazon and nearing Microsoft's valuation, reaching $2.85 trillion. Investor excitement surged with new options trading, despite analysts warning of extreme volatility and questioning the lofty valuation. The company also plans a $60 billion acquisition.

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