Instant Reaction: SpaceX Jumps in First Trades Following Record $75 Billion IPO

Shares of SpaceX climbed in their first day of trading on Friday following a $75 billion IPO that smashed records and instantly turned the crown jewel of Elon Musk’s empire into one of the most valuable public companies in the world.

The stock climbed as high as $176.52, or 31% above its offering price, less than two hours after the shares started trading shortly before noon in New York. The jump in price turned Musk into the world’s first trillionaire and sent the company’s market capitalization above $2 trillion.

For instant reaction and analysis, Bloomberg's Kailey Leinz speaks with: • Yahaira Anand, Bloomberg Television Reporter • Craig Trudell, Bloomberg News Managing Editor of Global Business Coverage • Ed Ludlow, Bloomberg Tech co-host See omnystudio.com/listener for privacy information.