On Friday, SpaceX launched its public offering, with shares opening slightly above $150. The highly anticipated IPO values Elon Musk’s rocket and AI firm at $2 trillion.
Musk marked the IPO by jointly ringing the Nasdaq opening bell from SpaceX headquarters in Texas.
The company sold 556 million shares on Thursday at an initial price of $135 each, the company confirmed, making it the largest IPO in history.
Just after markets opened on Friday, SpaceX stock rose above $160 before hitting a high of $176.52.
Over 100 SpaceX employees who hold company shares now have combined assets of $1 billion to $5 billion since the IPO.
SpaceX, founded by Musk in 2002, has posted a total loss of $41.3 billion since it was founded.
By CEO NA Editorial Staff
