SpaceX set to surpass Amazon’s market cap as post-IPO rally continues
Shares of ​Elon Musk's SpaceX rose ‌more ​than 10% in premarket trading on Tuesday, putting the company on course ⁠to overtake Amazon.com in market value to become the world's ‌fifth-largest company, as it extended a post-IPO ‌rally.The stock, which surged ‌more than ‌19% on ‌Monday, was last up 10.1% at $211.8, ​giving ‌the ​company a market ⁠capitalization of nearly $2.8 trillion if gains ​hold.Amazon ⁠was last ⁠valued at $2.66 trillion.More than $1.16 billion ⁠worth of SpaceX shares exchanged hands as of 04:14 a.m. ET, which was ‌several times the trading volumes in ​Nvidia, Microsoft, Tesla and Apple combined.