• SpaceX has surpassed Amazon in market valuation, reaching approximately $2.85 trillion.
• The company's shares surged over 14% post-IPO, briefly overtaking Microsoft's valuation.
• Heavy trading volumes and options activity reflect strong investor interest.
• SpaceX plans to acquire software firm Anysphere for $60 billion to enhance AI capabilities.
• The company is set for fast-track inclusion in major indices like the Nasdaq 100, FTSE Russell, and MSCI.

Elon Musk's SpaceX has become the fifth-largest company globally, overtaking Amazon with shares soaring over 14%, reaching a valuation of around $2.85 trillion. This notable increase follows its IPO, during which shares rose to as high as $220, marking an impressive 62% increase from the initial price of $135. In the trading frenzy, SpaceX even briefly surpassed Microsoft's valuation of approximately $2.92 trillion before settling back below it, according to Reuters and India Times.

Investors are flocking to SpaceX, catalyzed by the launch of stock options, with trading volumes breaking records and exceeding those of established tech giants like Nvidia and Apple. "More than $23.1 billion worth of SpaceX shares changed hands by mid-morning," highlighting the stock's popularity right after the start of options trading, as noted by both India Times and SCMP.

The increase in market capitalization followed reports of a significant net loss of $4.94 billion last year, attributed to a merger with xAI, raising concerns about the sustainability of its high valuation. Despite potential volatility in trading, analysts expect the stock to continue its rise as SpaceX prepares for inclusion in major financial indexes, such as the Nasdaq 100, which is anticipated to attract further investment, as indicated by Reuters and SCMP.

In a strategic move to bolster its market share, SpaceX announced plans to acquire Anysphere, known for its AI developments, in a deal valued at $60 billion. This acquisition is seen as a vital step in enhancing SpaceX's AI capabilities, addressing investor concerns over its financial performance relative to competitors, according to India Times and SCMP.