SpaceX scores big as stock soars and people are starting to bet on it - AOL

SpaceX yielded the largest IPO on record, ending its first trading day up 19 percent as shares closed at $160 after an offering price of $135, and the offering raised about $75 billion. The company is now valued above $2 trillion, becoming the sixth-most valuable U.S. listed company. SpaceX generates revenue from Starlink, xAI, the X platform, and government contracts, with analysts noting multi-path profitability. Predictions of a SpaceX-Tesla merger by 2027 circulated, led by Dan Ives, while Jay Ritter warned of continued stock volatility. The IPO also affects employees, as over 4,000 workers are expected to gain significant wealth as equity vests; major index funds like Vanguard and Fidelity are gradually including SpaceX in some portfolios.