SpaceX has completed a historic initial public offering, with shares closing its first day of trading up 19%. This rally has pushed the company's valuation above $2 trillion, vaulting it into the ranks of the world's most valuable public companies.
The IPO raised a historic amount of money, further bolstered by underwriters who maxed out their share purchases. Given the share price from the first day of trade, investors remain very optimistic about the stock.
Following the blockbuster debut on Friday, the momentum continued into the next week. SpaceX shares jumped again in premarket trading on Monday before the market opened.