🚨 SpaceX just became a $2.2 trillion company on its first day of trading.
$SPCX is now trading at $168, up 24.44% from its $135 IPO price.
The auction this morning could not find a price because demand was overwhelming supply. Now we know why. A 24% pop on listing day, on the largest IPO in history, pushing the valuation past $2 trillion before lunch.
For context, only a handful of companies on earth have ever crossed $2 trillion. SpaceX did it on day one of trading.
Elon Musk’s stake just got significantly more valuable than it was an hour ago.