Why SpaceX Stock Soared Today
Shares of SpaceX (NASDAQ: SPCX) surged on Friday after the rocket and satellite technology leader made its stock market debut.
Image source: The Motley Fool.
SpaceX's initial public offering (IPO) was perhaps the most highly anticipated trading event of the year. The Elon Musk-led space exploration company sought to raise a whopping $75 billion dollars to fund its audacious growth initiatives, which include placing data centers in low Earth orbit, building a city on the Moon, and, eventually, establishing a colony on Mars.
Source Fool.com
