SpaceX surged past $2.5 trillion in market cap after its record $75 billion IPO, closing in on Amazon as the fifth-largest US public company.

SpaceX shares continued to rally on Monday as the Elon Musk-led company said it raised a record-breaking $85.7 billion in its stunning public offering last...

SpaceX completed the largest IPO in history, raising $75 billion and reaching a $2.5 trillion valuation to become the sixth largest US public company.

Elon Musk's SpaceX is experiencing a significant surge in its stock value. Shares rose over 10% in premarket trading on Tuesday. This rally puts SpaceX on track to surpass…

The stock, which surged more than 19% on Monday, was last up 10.1% at $211.8, giving the company a market capitalisation of nearly $2.8 trillion if gains hold.