SpaceX has entered a new era after making its historic debut on the public market, as the stock opened significantly higher, climbing to around $150 before pushing above $160 during early trading.
The aerospace company founded by Elon Musk began trading on the Nasdaq on Friday under the ticker symbol SPCX after pricing its IPO at $135 per share.
SpaceX(ticker: SPCX) shares are actively trading on the Nasdaq, opening at $150. They quickly rose to peak above $176 during their initial market debut, following a finalised IPO price of $135 per share.
The offering raised about $75 billion, making it the largest IPO ever recorded and surpassing previous mega-listings such as Saudi Aramco’s 2019 market debut.
The strong market reaction pushed SpaceX’s valuation above $2 trillion, placing it among the world’s most valuable companies.
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Investors are betting heavily on the company’s future growth in space transportation,
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