Spidits
Funding

After raising record $75B in IPO, Elon Musk's SpaceX pops 20% in trading debut

Summary

Updated with Friday's trading: Shares of Elon Musk's Space Exploration Technologies Corp. jumped 19% over their $135 asking price Friday morning after one of the most hotly anticipated initial public stock offerings in living memory. The stock closed at about $161, valuing the company at $2.1 trilli

Why It Matters

Signals increasing investor interest and capital allocation in AI startups.

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