SpaceX set to surpass Amazon's market cap as post-IPO rally continues

SpaceX shares surged over 19% on Monday, with the stock last up 10.1% at $211.8, pushing its market capitalization to nearly $2.8 trillion, potentially surpassing Amazon's $2.66 trillion valuation. Over $1.16 billion worth of SpaceX shares changed hands, several times the combined trading volumes of Nvidia, Microsoft, Tesla, and Apple. The rally is described as a continuation of SpaceX's post-IPO momentum in US markets.