SpaceX rally stuns Wall Street: Stock jumps 42.5% from IPO price; valuation crosses $2.5 trillion, nearing Microsoft (opens original article in a new tab)

SpaceX's valuation soared to $2.9 trillion, with its combined market cap with Tesla reaching $4.4 trillion, surpassing Apple and rivaling Google's market value. The company's IPO saw a 63% increase from its offering price, raising $85.7 billion.

• SpaceX's valuation reached nearly $2.9 trillion, surpassing $220 per share in overnight trading
• Combined market cap of SpaceX and Tesla hit a record $4.4 trillion, exceeding Apple's market value
• SpaceX's IPO price surged 63% above its $135 per share offering, raising $85.7 billion through the greenshoe option