Elon Musk's SpaceX and Tesla top Apple at $4.4 trillion
Business
Elon Musk's SpaceX and Tesla, now have a combined value of $4.4 trillion, making them bigger than Apple and nearly as valuable as Alphabet.
SpaceX alone is worth nearly $2.9 trillion, with its valuation 63% above its IPO price of $135 per share.
SpaceX $85.7B greenshoe signals investor confidence
SpaceX's soaring value comes after it secured a record $85.7 billion after underwriters exercised the "greenshoe" overallotment, the biggest such raise on record.
This massive investment highlights how much faith investors have in SpaceX's role in satellite internet, space travel, and government projects, putting it firmly among the world's tech giants.