SpaceX shares surged again Tuesday, lifting Elon Musk's rocket company above Amazon into fifth place in market value as a record-breaking IPO gives way to a torrid buying frenzy.

SpaceX shares surged 16% on Monday, lifting SPCX nearly 39% above its IPO price and pushing its valuation near Amazon’s market cap.

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.

SpaceX shares surged for a second day, adding to initial gains and pushing its market value over $2.3 trillion. This valuation places the company among the world's top six…

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…