SpaceX Surges 19.6% on First Trading Day, Raising $85.7B in Record IPO and Hitting $2.5T Valuation

SpaceX shares surged 19.6% to $192.50 on June 15, the company's first full trading day following its record-breaking IPO that raised approximately $85.7 billion in gross proceeds. The rally lifted SpaceX to a market capitalization of about $2.5 trillion, positioning it as the sixth-largest public company globally. The IPO, which closed on June 15 with the issuance of 638.9 million shares of Class A common stock including underwriters' overallotment, surpassed Saudi Aramco's 2019 public listing as the largest IPO on record.
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