SpaceX's market cap surpasses Amazon, making it the world's fifth-largest publicly traded company

Odaily reports that as SpaceX’s stock price continues to rise, its latest market capitalization has surpassed that of Amazon, making it the world’s fifth-largest publicly traded company by market cap.

Currently, only Microsoft, Nvidia, Apple, and Alphabet (Google’s parent company) rank ahead of SpaceX. Since its recent IPO, SpaceX has continued to attract strong market interest and has become one of the most closely watched tech companies in global capital markets.