A decline followed a surge that edged SpaceX ahead of Amazon as the fifth-largest 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.

SpaceX shares are rising for a fourth day, solidifying its position as a global giant. The company has surpassed Amazon in market value, becoming the fifth-largest stock…