SpaceX market cap soars past Amazon

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SpaceX stock continued to surge on Tuesday following its record-setting IPO last week, with the company’s market capitalization surpassing Amazon’s $2.66 trillion valuation.

Elon Musk’s SpaceX debuted on the Nasdaq on Friday following its IPO and has risen about 35% since it began trading last week, as traders look to capitalize on its momentum.

This is a developing story. Please check back for updates. 

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