SpaceX's monumental rally in its first 3 days of trading led one analyst to dub it "the biggest meme stock in town."

The rocket and AI company’s shares jumped 20% on Monday. It was the second largest one-day gain in market valuation for a U.S. company ever.

The Elon Musk-led company announced that it plans to follow through on an option that allows it to purchase AI startup Cursor.

Shares of Elon Musk's SpaceX rose more ​than 10% in premarket ‌trading on Tuesday, putting the company on course to ​overtake Amazon.com in ​market value to become the ⁠world's fifth‑largest company,

SpaceX passed Amazon to become the fifth-most valuable company in the world, after its stock price climbed 20% on Monday and more than 8% in early trading Tuesday, bringing its valuation to more than $2.

SpaceX stock jumped 20% on Monday. It was the second largest one-day gain in market valuation for a U.S. company ever.