SpaceX IPO soars 20% on Nasdaq debut

SpaceX shares surged 20% in early trading on the Nasdaq, opening at $150 and rising to $162 after pricing its record-setting initial public offering at $135 per share. The company raised $75 billion, valuing it at approximately $1.8 trillion, marking the largest IPO in history. This debut offers public investors a stake in the aerospace and satellite internet giant, known for its reusable rockets and Starlink network. SpaceX generated significant revenue last year and holds a substantial amount of Bitcoin, adding another layer of interest for investors.