SpaceX goes public in record IPO

Our top story: SpaceX has gone public. Shares began trading Friday under the ticker SPCX, in what the Guardian calls the largest IPO debut yet.

“Our top story: SpaceX has gone public. Shares began trading Friday under the ticker SPCX, in what the Guardian calls the largest IPO debut yet. The listing values SpaceX above two trillion dollars, a level that, on paper, pushes founder Elon Musk toward becoming the world's first trillionaire. Investor demand was intense, but analysts urge caution: SpaceX still posts losses, and index funds may soon carry the stock into millions of portfolios.”

Original reporting: theguardian.com ↗