SpaceX's long-awaited stock market debut on Friday delivered more than just a strong performance from a big name getting listed in recent memory, it instantly propelled Elon Musk's rocket and satellite company into the ranks of the world's most valuable companies.
After raising $75 billion in the biggest initial public offering ever, SpaceX began trading under the ticker SPCX at $150, an 11% premium to its IPO price of $135. The stock surged as high as $176.52 during the session before ending the day at $160.95, a gain of nearly 19% from the offer price.
