Why SpaceX Stock Soared Today
The largest IPO of all time had a blockbuster first day of trading.
Overview
Shares of SpaceX (NASDAQ: SPCX) surged on Friday after the rocket and satellite technology leader made its stock market debut.
Image source: The Motley Fool.
SpaceX's initial public offering (IPO) was perhaps the most highly anticipated trading event of the year. The Elon Musk-led space exploration company sought to raise a whopping $75 billion dollars to fund its audacious growth initiatives, which include placing data centers in low Earth orbit, building a city on the Moon, and, eventually, establishing a colony on Mars.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.