SpaceX Briefly Surpasses Microsoft in Market Value Amid Investor Enthusiasm
SpaceX's market valuation briefly exceeded Microsoft's, making it the world's fourth most valuable company. This surge was driven by significant retail investor interest and speculation, despite the company's financial performance.
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Jim Cramer says SpaceX investors aren't buying earnings — they're buying Elon Musk
CNBC's Jim Cramer said SpaceX investors are betting on Elon Musk's vision and track record, rather than the company's current earnings power.
Read full article →SpaceX vaults past Amazon’s market value, briefly topping Microsoft
SpaceX roared past Amazon’s market valuation on Tuesday and briefly topped that of Microsoft, rapidly scaling the list of the world’s most valuable companies on a topsy-turvy trading day fuelled by frenzied action in the firm’s newly listed option contracts. SpaceX shares rose 4.8 per cent to close at US$201.80, giving Elon Musk’s company a market value of roughly US$2.655 trillion – some US$800 billion more than its value when it sold its record initial public offering last week and about...
By Reuters
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