The Newest Mega-Cap

SpaceX eclipsed Amazon in valuation as its stock price soared to $230 following a massive rally.

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Source: DepositPhotos

The top stocks page here on Slope has properly noted its newest entrant, SpaceX (SPCX). This data is updated nightly, but the stock is moving so fast that it has already shot up several positions.

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Yes, this company with a few billion in revenue and jaw-dropping billions in losses is now more valuable than freakin’ Amazon (AMZN), a company which pretty much prints cash.

But the world has a massive boner for Elon and SpaceX right now (which will probably continue in a wobbly fashion until the magical date of August 11th), which last night tossed the stock price up to about $230, almost $100 above its Friday offering price.

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