SpaceX pops 11% at open after biggest U.S. IPO in history

SpaceX shares surged 11% during initial trading following the largest IPO in U.S. history, raising approximately $75 billion. With a share price of $150, the company reached a market capitalization of $1.97 trillion, instantly ranking among the top 10 largest U.S. companies. Elon Musk noted the venture's goal of creating a space-faring civilization. Based on current valuation, SpaceX would constitute over 5% of the S&P 500 if included today.