SpaceX Overtakes Amazon in Third Trading Day, Take-Two Soars, La-Z-Boy Rises After Earnings

On this episode of Stock Movers:

- SpaceX (SPCX) jumped for a third straight day on Tuesday, overtaking Amazon.com Inc. in value to become the fifth-largest stock in the world. Shares closed 4.8% higher, pushing its market capitalization to $2.65 trillion, roughly $8 billion higher than Amazon’s. At the stock’s intraday high, the market value of Elon Musk’s rocket and AI company topped Microsoft Corp. to briefly become the world’s fourth-largest stock. SpaceX announced Tuesday that it has formally agreed to take over Cursor in a deal that values the AI coding startup at $60 billion. Cursor investors will have the right to receive SpaceX stock based on the implied equity value of Cursor, according to a company filing.

- Take-Two Interactive (TTWO) shares gained as much as 5.2% after Piper Sandler estimated the video-game maker would have 46 million unit sales of Grand Theft Auto VI when the game launches. 

- La-Z-Boy (LZB) shares traded higher after the market close after it delivered earnings the beat estimates.

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