Compiled by KHAO Editorial
— aggregated from 17 sources.
See llms.txt for citation guidance.
✓ KHAO Verified
SpaceX shares rose 19% in their first trading day, landing the company as the sixth-largest company in the U.S.
Key facts
Elon Musk's company ended the day with a $2.1 trillion market cap, officially the biggest IPO in U.S. history
Friction point: SpaceX went into its IPO trading at 90 times its sales (not profits
SpaceX shares priced at $135 late Thursday afternoon
SpaceX shares rose 19% in their first trading day, landing the company as the sixth-largest company in the U.S
Summary
Elon Musk's company ended the day with a $2.1 trillion market cap, officially the biggest IPO in U.S. history. If SpaceX were included in the S&P 500 today, it would be over 5% of the overall index based on its current valuation. What they're saying: "I'd love to be on that list of retail shareholders getting IPO shares. "The reporter gave SpaceX less than a 10% chance of succeeding at all to be clear," Elon Musk said in remarks ahead of the company's debut, adding that it was worth the try to create a "space-faring civilization.