BREAKING: SpaceX (SPCX) stock surged more than 30% today, hitting an intraday high of $176.52.

The company is now the world's 7th-largest publicly traded company, surpassing Broadcom as its market capitalization reached $2.2 trillion.

Elon Musk has become the world's first trillionaire. Musk, who serves as chairman, CEO and chief technical officer of SpaceX, owns roughly 40% stake in the rocketmaker, worth over $850 billion.

$TSLAB

TSLAB
TSLAB
410.17
+0.89%

$SPCXB

SPCXB
SPCXB
173.44
+3.50%