Elon Musk’s SpaceX has overtaken Amazon to become the world’s fifth most valuable company after a sharp rise in its share price...

Shares of Elon Musk’s rocket maker have soared by more than 30% since their trading debut.

SpaceX rose more than 10% on Tuesday, lifting its value near $2.8tn and past Amazon, days after the largest IPO in history.

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.