SpaceX shares soared almost 20 per cent on Friday in the biggest stock market debut in history, giving Elon Musk’s rocket and AI group a valuation in excess of $2tn and making him the world’s first trillionaire.
The group’s shares closed at $160.95, valuing SpaceX at about $2.1tn and placing it as the sixth-largest public company in the world. Trading activity was vigorous with more than $80bn of shares trading hands.
SpaceX raised $75bn in a record-breaking initial public offering on Thursday evening amid blockbuster investor demand for companies linked to the AI boom. The fundraising haul could rise to $86bn if underwriters exercise a so-called greenshoe option to sell additional shares.
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