Elon Musk’s SpaceX surpasses Amazon to become world’s 5th largest company by market value: Here are the top 4

Elon Musk-led SpaceX has become the 5th largest company, overtaking Amazon, after the shares of aerospace and AI giant skyrocketed more than 14% on Tuesday (June 16). The surge even allowed SpaceX to briefly overtake Microsoft but is now settled at the bottom spot in the top 5 companies in the world. At the time of writing, SpaceX stock was trading at $220, which is huge 62% increase from its initial public offering (IPO) price of $135.

SpaceX joins the ‘Elite Club’

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