SpaceX’s Stock Surges on First Full Day of Trading

Article excerpt

SpaceX's stock jumped on its first full trading day Monday, as the company announced it had raised even more capital than initially expected in what became a record-breaking initial public offering. The surge underscores investor appetite for the aerospace company's plans for Mars missions and commercial space ventures. Executives touted the expanded funding haul as validation of the company's technology and ambitions. The IPO marks a major milestone for Elon Musk's space enterprise, which has grown from a struggling startup into a linchpin of U.S. space infrastructure and national security interests.