India, June 17 -- SpaceX climbed for a fourth day in a row with a market value that reached about $2.64 trillion on Tuesday, getting close to the $3 trillion mark. During trading, SpaceX briefly moved ahead of Amazon and Microsoft in market value, but by the end of the day both companies were again worth more than SpaceX.

Even after falling back, SpaceX remained among the world's most valuable companies, ahead of companies like Broadcom, Meta, Tesla, Micron Technology and Eli Lilly.

The biggest question for investors is that SpaceX has reached a huge valuation even though it is not yet making profits. SpaceX is still reporting losses while trading at valuations similar to the biggest tech giants.

SpaceX generated around $19 billion in ...