Topline<\/p>\n
Elon Musk\u2019s fortune swelled above $1.4 trillion on Tuesday as SpaceX shares extended a rally in their second full trading day, ranking Musk\u2019s rocket maker ahead of Amazon as the world\u2019s fifth-largest company by market value.<\/p>\n
Shares of Elon Musk\u2019s rocket maker have soared by more than 30% since their trading debut. <\/p>\n
Getty ImagesKey Facts<\/p>\n
Shares of SpaceX rallied by just over 12% shortly after trading opened on Tuesday, raising its market value to about $2.8 trillion and ranking it ahead of Amazon ($2.6 trillion) as the fifth-largest company.<\/p>\n
A further boost to SpaceX\u2019s stock marks a nearly 35% rally since its IPO on Friday, when shares closed up 19%, and a 19.5% surge on Monday.<\/p>\n
The latest increase in SpaceX shares added $119.1 to Musk\u2019s net worth, valued at about $1.4 trillion, ranking him more than $1 trillion ahead of Google cofounder Larry Page ($300.7 billion), who Forbes ranks as the world\u2019s second-richest person.<\/p>\n
Musk holds 4.8 billion SpaceX shares, bringing his stake to about 38%, with an additional 350 million stock options with an exercise price of $8.40 per share.<\/p>\n
what to watch for<\/p>\n
SpaceX may soon challenge Microsoft as the fourth-largest company, falling behind the software giant\u2019s market value of $2.92 trillion. Apple is the next largest with a market capitalization of $4.3 trillion, followed by Alphabet at $4.4 trillion. Both trail Nvidia at $5 trillion.<\/p>\n
This is a developing story.<\/p>\n","protected":false},"excerpt":{"rendered":"Topline Elon Musk\u2019s fortune swelled above $1.4 trillion on Tuesday as SpaceX shares extended a rally in their…\n","protected":false},"author":2,"featured_media":1030409,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[3844],"tags":[324,70,413,124535,284461,1603,282789,16,15],"class_list":["post-1030408","post","type-post","status-publish","format-standard","has-post-thumbnail","category-space","tag-amazon","tag-science","tag-space","tag-space-x","tag-space-x-stock","tag-spacex","tag-spacex-shares","tag-uk","tag-united-kingdom"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/116760450914941423","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/1030408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=1030408"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/1030408\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/1030409"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=1030408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=1030408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=1030408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}