AXIOS (Matt Phillips) - SpaceX soars above Amazon in market cap
Data: FactSet ; Chart: Matt Phillips/Axios SpaceX jumped another 4.8% Tuesday, enabling Elon Musk's space launch/satellite services/AI/social media conglomerate to leapfrog Amazon.com in market value. - In just its first two full days of trading, SpaceX has added roughly $537 billion to push its market value to $2.659 trillion, according to FactSet data. - That puts it ahead of Amazon.com, which was valued at $2.646 trillion at Tuesday's close. Why it matters: The gain underscores the extraordinary power Musk's mastery of the stock market gives him. - Essentially, the surge in market value provides SpaceX with hundreds of billions of dollars out of thin air, which it can then use to remarkable operational advantage. Case in point:…