SpaceX reaches fifth place globally in the ranking of the most valuable companies

Today, Tuesday, the American company “SpaceX” became the fifth largest company in the world in terms of market value, surpassing “Amazon” and approaching “Microsoft”, a few days after its historic public offering.
Shortly after the opening of the Wall Street Stock Exchange, SpaceX shares rose by 8.48% to reach $208.83, raising its market value to more than $2.7 billion.
Amazon’s market value is about $2.650 billion.
SpaceX briefly exceeded Microsoft’s market value on Tuesday (about $2.918 billion).
Nvidia, which specializes in chip manufacturing, tops the ranking with a value exceeding $5 trillion, followed by Alphabet (Google) and Apple.
Since its historic listing on the stock exchange on Friday, the shares of the company owned by Elon Musk have risen by about 40%, driven by demand from investors, whether individuals or institutions.
The company raised $86 billion Friday during its initial public offering on Wall Street.
The initial declared target was $75 billion, but the company’s partner banks resorted to an option that allowed them to offer a larger number of shares for sale.