SpaceX Surpasses Amazon with $2.95 Trillion Valuation After IPO Amid Analyst Warnings of Overvaluation

SpaceX briefly became the fourth-largest company on Wall Street with a market cap of $2.95 trillion shortly after its IPO, surpassing Amazon and Microsoft, though many analysts warn its valuation is significantly inflated. The company faces critical tests with upcoming earnings reports and insider lockup expirations.