SpaceX IPO opens at $135, surges to $160.95 in first day of trading
By
Moz Farooque
Fresh out the oven, still warm. Top of the tray.
Summary
SpaceX's historic IPO launched with a $135 share price, raising $75 billion and achieving a valuation rarely seen in public markets. The stock quickly rose to $160.95 by its first close, intensifying debates about whether the valuation is justified or if profit-taking is imminent. The IPO marks a major milestone for Elon Musk's space empire, opening a new chapter for the company.
Key quotes
· 3 pulledSpaceX's (SPCX) historic IPO kicked off with a valuation few companies ever touch.
SpaceX's stock, priced at $135, raised $75 billion, opening a brand new chapter for Elon Musk's space empire, according to Reuters.
By its first close, SpaceX had jumped to $160.95, stretching an already heated valuation debate.
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