Rolls Royce Sees Market Cap Soar to $50 Billion as Travel Picks Up

Rolls-Royce has cemented its status as a darling of the London Stock Exchange after its value passed £40bn for the first time ever. The Derby-headquartered aerospace giant has seen its share price soar like almost no other London-listed company since its low point during the Covid-19 pandemic. Spearheaded by its relatively new CEO, Tufan Erginbilgiç, Rolls-Royce’s shares passed the valuation milestone after rising to more than 485p each. Erginbilgic took up his role with the business at the start of 2023…