SpaceX leapfrogs Amazon and briefly tops Microsoft in market value on Cursor acquisition news

Elon Musk celebrates the SpaceX IPO last week. (Nasdaq Photo) Shares of SpaceX surged Tuesday morning, pushing the Elon Musk-led company above Amazon and into a neck-and-neck race with Microsoft for the title of the world’s fourth-most valuable public company, less than a week after its blockbuster $75 billion IPO. The rocket maker, satellite internet provider, defense contractor, and AI company is now valued at more than the entire economy of Italy.