SpaceX valuation balloons to $2.6T, briefly passes Amazon

That appeared to be the case Tuesday, as traders swapped more than 300 million SpaceX shares throughout the trading day — more than half of the 555 million available on the public market post-IPO, according to data from the Nasdaq stock exchange.

The volatility continued into after-hours trading, which saw SpaceX’s valuation briefly eclipse Amazon’s market cap for a second time before falling again.