SpaceX shares extend rally after $85.7 billion IPO (opens in new tab)

SpaceX shares rose for a second trading day after the company’s Nasdaq debut, closing Monday at $192.50, up 19.6% for the session and more than 42% above the $135 IPO price. The two-day rally lifted SpaceX’s market value to roughly $2.5 trillion, ranking it among the world’s six largest publicly traded companies and near Amazon’s market value. The offering increased after underwriters exercised the greenshoe option to sell an additional 83.3 million shares, lifting total proceeds to $85.7 bil...