Last Friday, following the conclusion of the largest initial public offering (IPO) ever witnessed globally, shares of Elon Musk's aerospace venture, SpaceX, have continued their meteoric rise. On Tuesday morning, SpaceX's stock price experienced a surge of roughly 10%, propelling its total market capitalization to briefly hit $2.94 trillion during intraday trading. This momentarily eclipsed Microsoft's market cap of $2.93 trillion, thereby establishing SpaceX as the fourth-largest company in the United States in terms of market value. SpaceX made its public debut on the Nasdaq in the U.S. on June 12, with an issue price set at $135 per share. The offering successfully raised a total of $75 billion, culminating in a market capitalization of $1.785 trillion. Since its listing, the stock has demonstrated robust performance, with its first-day gains exceeding 19% and a notable uptick observed during the morning trading session of the second day.