Amazon.com, Inc. (AMZN)

Amazon’s (AMZN) Alexa+ Available for Canadian Customers

SpaceX, Western Digital, Moderna, and More Stocks That Explain Today’s Market

The Real Engine Behind Netflix Stock Is Not Subscribers

Top Midday Gainers

SpaceX vaults past Microsoft and Amazon in market value

STORY: Elon Musk's SpaceX is now worth more than Amazon.:: SpaceX:: AmazonShares of the rocket maker soared as much as 17% on Tuesday, catapulting the company's market value past Amazon's and briefly above Microsoft's.That makes SpaceX the fifth most valuable company in the world... just days after its blockbuster public debut.If the gains hold, shares will have jumped more than 60% above the $135 IPO price, giving SpaceX a market cap of around $2.8 trillion. Not bad for a company that reported a net loss last year of nearly $5 billion.The stock rally is likely to continue as SpaceX gains fast-track inclusion in the Nasdaq 100, making it a major holding for passive funds and ETFs that track the index.FTSE Russell and MSCI are also set to add the stock to their indexes, effective later this month.SpaceX options also began trading on Tuesday. More than half a million contracts changed hands in just the first hour, making SpaceX the most heavily traded name ever among companies on their first day of trading options, according to Trade Alert data.The company also made news by announcing on Tuesday that it will buy Anysphere, the startup behind the popular AI coding agent Cursor, in an all-stock deal valued at $60 billion.The acquisition aims to give SpaceX's xAI a stronger hold in the revenue-generating business of AI coding.

Scared of Big Tech’s AI Spending? Just Wait Until 2027.