Friday marked one of the biggest days in stock market history as SpaceX, the most hotly anticipated stock market debut ever, blew past expectations in its first day of trading. Elon Musk’s rocket, satellite, and AI empire made its long-awaited debut on both the Nasdaq Global Select Market and Nasdaq Texas under the ticker SPCX, capping a 24-year run as the most valuable, and most scrutinized, private company in the world. SpaceX opened at just above $150 a share (up 11.11% from the $135 IPO price) just after 11:46AM. Trading turnover exceeded $11.4 billion at open.
The valuation surged Musk’s net worth above $1 trillion and SpaceX’s valuation to more than twice that—with the company’s market cap reaching $2.1 trillion.
