Plus, the U.S.-Iran deal lets Tehran sell oil immediately, and a former drug dealer's shows make millions without Hollywood.
It could be a great move by the billionaire hedge fund manager.
SpaceX briefly passed Amazon to become the fifth-most valuable company in the world, and nearly eclipsed Microsoft, before the company's shares pared back those gains before the market closed Tuesday.
SpaceX has made a big splash in its first few days of trading. Investors seem to believe the company can achieve some of its grander ambitions.
SpaceX stock is currently valued largely on hype. Amazon has a growing cloud computing business and space ambitions with Project LEO.
Amazon.com Inc. (NASDAQ:AMZN) shares are moving higher Tuesday. Geopolitical tensions ease, excitement builds around AWS Summit New York and traders position ahead of Prime Day 2026.
Alphabet offers Anthropic exposure through both an equity stake and a major Google Cloud partnership. Amazon may benefit from Anthropic through its large stake and long-term AWS commitments.
SpaceX (SPCX) has surpassed Amazon's (AMZN) market cap in intraday trading Tuesday, marking a monumental moment for the company. Andrew Chanin talks about the recent buying frenzy in SpaceX since its IPO, along with new plans to acquire cursor in a $60 billion deal.
Shares of Elon Musk's SpaceX soared more than 14% on Tuesday, lifting its value higher than Amazon and briefly Microsoft just days after its debut.