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The Economic Times
The Economic Times

SpaceX heads toward fourth day of gains since record IPO

SpaceX Amazon Space Exploration Technologies Corp

SpaceX shares are poised for a fourth straight day of gains, reinforcing the company’s place among the world’s largest after it surpassed Amazon.com Inc. by market value.

Shares of Elon Musk’s rocket and AI company Space Exploration Technologies Corp. rose 4.5% in New York premarket trading Wednesday, signalling a slower pace of gains than in previous sessions.

The company formally known as Space Exploration Technologies Corp. has rallied about 49% since going public through Tuesday’s close, overtaking Amazon in value to become the fifth-largest stock in the world, and is now roughly $150 billion away from Microsoft Corp.

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