SpaceX Surges for 2nd Day to Add $412 Billion in Value (Correct)

SpaceXshares jumped in their second day of trading, adding to gains following a blockbuster debut that instantly vaulted it into the ranks of the world’s most valuable public companies.

The stock climbed 20%, extending Friday’s 19% rally, to add $412 billion in market value. Shares closed at $192.46 on Monday, more than 42% above their $135 IPO price. The move boosts the company’s market value to more than $2.5 trillion, putting it among the top six largest companies in the world.

At its current market capitalization, it’s less than $135 billion away from overtaking Amazon.com Inc., which boasts ...