SpaceX share price, June 16 -- SpaceX has reached another major milestone, with its valuation crossing $2.5 trillion as the aerospace company trades above $192 per share in overnight trading. The surge places the Elon Musk-led company very close to surpassing Microsoft, one of the world's most valuable corporations. Microsoft's market cap currently stands at $2.97 trillion.

The latest rally has propelled SpaceX to levels rarely seen in corporate history and reinforced its position among the most closely watched companies in global financial markets. Once regarded as an ambitious private space venture, the company is now being valued alongside some of the biggest technology giants in the world.

The sharp rise has also boosted the combine...