Shares of the aerospace giant closed Monday at $192.50, marking a 20% single-day gain and a 42% climb from the initial $135 offering price. This rapid appreciation added $412 billion in market value—a figure that eclipses the combined worth of Nike, McDonald’s, and Starbucks. The rally has vaulted Elon Musk’s personal net worth into trillionaire territory, placing him at more than three times the wealth of the world’s second-richest individual.
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SpaceX Valuation Surges Past $2.5 Trillion Following IPO
Retail investors poured unprecedented capital into SpaceX during its first two days of public trading, snapping up as much stock as they purchased across the entire U.S. market combined last week. This aggressive buying spree propelled the company’s market capitalization above $2.5 trillion, leaving it within striking distance of Amazon.
Market participants are now bracing for heightened activity as options trading commences today. Analysts at Vanda Research, who tracked the initial retail frenzy, suggest this new layer of financial instruments could trigger significant volatility. With the company now sitting less than $135 billion behind Amazon, the immediate trajectory of the stock remains a focal point for institutional and individual observers alike.
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