SpaceX’s newly listed stock rises sharply in early trading, pushing the company’s market value above Amazon and, at times, Microsoft. Several outlets report gains of roughly 5% to more than 14% on Tuesday, with one account noting shares closed around $201.80 and others citing pre-market or intraday trading near $213. These moves lift SpaceX’s valuation to about $2.65 trillion to nearly $2.9 trillion, depending on the time of measurement. One report says the surge briefly places SpaceX above Amazon by a narrow margin, while another says it briefly tops Microsoft as well. Articles attribute part of the rally to the options listing and related trading activity, including “frenzied” action in newly available options contracts and the effect of relatively limited shares available to trade. Coverage also links the post-IPO momentum to continued investor demand and expectations around possible index inclusion. Despite commentary that SpaceX remains loss-making, outlets highlight investor focus on its space launch operations, Starlink, and AI-related ventures. By the end of the day in at least one account, SpaceX reaches around fifth place among the world’s most valuable companies by market capitalization.