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00:02SpaceX shares rose 4.8% to close at $201.80 on Tuesday,
00:08pushing the company's market value to roughly $2.655 trillion, according to Reuters.
00:13The gain surpassed Amazon's valuation of $2.646 trillion,
00:19making SpaceX the fifth largest U.S.-listed firm by market cap.
00:23The stock briefly topped Microsoft's $2.92 trillion
00:26before pulling back from an intraday high of $225.64.
00:31Options trading fueled the early surge,
00:34with more than 1 million contracts changing hands by early afternoon.
00:37Analysts warned of continued volatility,
00:40given SpaceX's small float and high valuation
00:43relative to its $18.67 billion in 2024 revenue and $4.94 billion net loss.
00:51Upcoming index inclusions from NASDAQ 100,
00:54FC Russell and MSCI are expected to generate additional demand for shares.
00:58For all things money, visit Benzinga.com.
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