SpaceX Shares Soar on First Day, Making the Company Worth Trillions

SpaceX shares opened at $135 on 12 June and shot up to $161 by day's end—a 19% jump. The company raised $75 billion, the biggest stock offering ever, and was valued at $2.1 trillion, briefly worth more than Amazon or Microsoft. Investors are betting heavily on SpaceX's internet service and rocket business, paying a premium based on those future hopes.