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SpaceX aims for over $2T value on NASDAQ
SpaceX experienced a historic leap during its first days of trading on Nasdaq, with its shares rising by approximately 19% to surpass a valuation of $2.1 trillion, making it the sixth-largest American company by market value. This followed its collection of around $75 billion in its initial public offering (IPO), with more than 510 million shares traded worth nearly $84 billion. Despite this, the company remains unprofitable and relies on revenues lower than those of major tech giants. This offering significantly boosted Elon Musk's wealth like never before, with expectations that he is close to becoming the first trillionaire in history.
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