$SPCXB From 10% chance of success to $2 trillion market cap: SpaceX’s historic IPO

SpaceX closed Friday with a market cap above $2 trillion, after Elon Musk said earlier in the day he originally gave the company less than a 10% chance to succeed.

More than 500 million shares changed hands, and the debut left Alphabet with a stake in SpaceX worth close to $100 billion.

“This was not a deal that was priced based on market forces,” said Lloyd Greif, CEO of investment bank Greif & Co.