SpaceX Rises Fast on Nasdaq

SpaceX had a fast start on Nasdaq. Its share price rose 19% on the first day. The shares opened at $150 and closed at $160.95. The company reached a market value of $2.1 trillion. This made it the sixth most valuable company in the United States. More than 510 million shares changed hands on the first day. The total trade value reached $84 billion. About 4,000 current or former workers became millionaires because they owned company shares. SpaceX works in space transport and satellite internet. The company is not yet making a profit, but its yearly income is $18.7 billion.