SpaceX Becomes Fifth Most Valuable Company in World
SpaceX is now the fifth most valuable company in the world. It has passed Amazon in value.
SpaceX is Elon Musk's rocket and satellite company. Its shares rose more than 30% since they started trading. As a result Musk's net worth reached $1.4 trillion.
Klear Note — SpaceX launches rockets and satellites for government and private customers. Company valuations measure total worth based on stock price and shares outstanding.
Key Terms 3
- SpaceX Elon Musk's rocket and satellite company
- shares Small pieces of a company that people can buy and sell
- net worth Total value of everything a person owns minus what they owe