SpaceX's stock lifts valuation above two trillion
SpaceX launched its initial public offering, resulting in a stock price increase of over 19% to reach $160.95, with a market value of approximately $2.1 trillion, and more than 500 million shares traded in the first session. The stock opened at $150, nearly an 11% rise from the official offering price of $135, and analysts expect the stock to continue rising to $200. The deal also solidified Elon Musk's position as the world's first registered trillionaire, with expectations of thousands of new millionaires emerging from the IPO process.
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