SpaceX Just Made Its Market Debut. Here's What Investors Need to Know.
SpaceX stock soared 20% in its early moments of trading.
SpaceX Just Made Its Market Debut. Here's What Investors Need to Know.
Overview
SpaceX (NASDAQ: SPCX) raised $75 billion for the biggest initial public offering ever, and the stock surged more than 20% today in its first moments of trading on the Nasdaq. The Elon Musk-led company sold shares at $135 apiece, the stock opened at $150 and quickly jumped to $165, valuing the company at more than $2.1 trillion.
SpaceX's IPO has drawn much attention and excitement in recent days due to its sheer size as well as the company's presence in three compelling growth markets: rocket launches, artificial intelligence (AI), and satellite-based internet services. The presence of Musk, known for his focus on innovation, has also made some investors sit up and take notice.
Details
Now, as SpaceX begins its story as a publicly traded company, here's what investors need to know.
Source
Originally published at www.fool.com.


