SpaceX completed the largest initial public offering in American corporate history. Shares were priced at $135 each. The stock closed up roughly 19% on its first trading day at approximately $160.95, then another 20% on the second trading day to close at $229.40.
The headline number was staggering. SpaceX raised $75 billion by selling 555.6 million shares, and its market capitalisation settled at approximately $2.2 trillion at the close of opening-day trading, placing the company among the most valuable publicly traded entities on earth. Retail investors alone submitted more than $100 billion in orders.
