SpaceX Shares Surge 18% in Trading Debut as Elon Musk's Rocket Company Surpasses $2 Trillion Valuation

Article excerpt

SpaceX shares jumped 18% on their first day of trading Friday, opening at $150 under ticker SPCX before climbing above $160 and pushing the rocket company's valuation past $2 trillion. The debut followed what the headline calls the largest IPO in history. Elon Musk's company has become one of the world's most valuable enterprises, capitalizing on decades of development in commercial spaceflight and government contracts.