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SpaceX Bolsters AI Business With $60 Bil Deal. Musk Targets $1 Tril In Revenue.

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09:23 AM ET 06/16/2026

SpaceX stock surged again early Tuesday, set to open above $200 per share on its second full day of trading. At that level, Elon Musk's rocket-and-AI company would open with a market capitalization estimated to exceed $2.9 trillion. That would overtake Amazon (AMZN) as the fifth-most-valuable company in the world. The explosive milestone comes after SpaceX on Tuesday announced a…