SpaceX market value hits $2.94 trillion after shares jump more than 45% in three sessions

SpaceX shares began trading on the Nasdaq and rose more than 45% in three days, climbing from $150 to above $220 and lifting its market value to $2.94 trillion. The move pushed SpaceX past Amazon and Microsoft to become the world’s fourth-largest publicly traded company. Retail investors piled into SPCX, with one-day net buying close to last week’s total net buying across the entire U.S. stock market. Amazon and Microsoft had no negative news, but their relative performance lagged as money rotated into SPCX.