Absolutely incredible.
SpaceX, $SPCX, is now trading above $220/share in overnight trading.
This makes SpaceX worth nearly $2.9 TRILLION, less than $100 billion away from surpassing Microsoft.
This also puts SpaceX up +63% from its IPO price of $135/share.
Furthermore, the combined market cap of both SpaceX and Tesla is now at a record $4.4 trillion.
That’s bigger than the market cap of Apple and roughly equivalent to the market cap of Google.
To top it all off, SpaceX raised a record $85.7 billion after underwriters exercised the "greenshoe" overallotment.
Never in history has an IPO ever come remotely close to what we are seeing right now.
Truly incredible.
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