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SpaceX Valuation Rockets Past Amazon and Microsoft

Guavy AI Editorial Team
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AMZN MSFT
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SpaceX's stock price soared on Tuesday, briefly surpassing Amazon and Microsoft to reach a market value of nearly $2.94 trillion.

The rocket maker raised an impressive $85.7 billion in its record-breaking IPO, making Elon Musk the world's first trillionaire.

Skeptics, however, questioned the valuation, citing 2025 revenue projections of $18.67 billion and a net loss of $4.94 billion after merging with xAI.

Ipek Ozkardeskaya, senior market analyst at Swissquote Bank, warned that the rally 'makes absolutely no sense today.'

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