SpaceX became more valuable than Amazon in three days
Following its stock market debut, the aerospace giant surged to become the world's fifth most valuable company, surpassing retail titan Amazon in market capitalization.
After only three days of public trading, SpaceX climbed to the fifth spot on the list of the world's most valuable companies. The stock price reached 201.80 dollars per share, pushing the aerospace firm's market capitalization past that of Amazon. This rapid ascent was fueled by investor enthusiasm following the company's acquisition of an artificial intelligence coding startup.
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