Musk's Net Worth Hits $1.4 Trillion -- SpaceX Passes Amazon As Fifth-Largest Company

SpaceX's rapid valuation jump has pushed Elon Musk’s wealth to about $1.4 trillion and propelled SpaceX past Amazon as the fifth-largest company. Shares rallied just over 12% at the open on Tuesday, lifting its implied market value to roughly $2.8 trillion. The move places SpaceX ahead of Amazon’s $2.6 trillion and marks a significant reshaping of the ranking among global firms. The IPO week has produced a near 35% rally for SpaceX, including a 19% rise on Friday and a 19.5% gain on Monday, underscoring heightened investor enthusiasm for the private aerospace leader. The surge highlights how SpaceX’s private equity valuation can have outsized effects on the wealth of its founder. Musk’s net worth rose accordingly, though the headline figure remains dependent on SpaceX’s private market dynamics. Analysts note the broader implications for wealth concentration tied to private technology and space ventures as the company's public-market-style rally continues to reverberate through financial markets.