SpaceX shares jumped on the second day of trading, continuing their gains after listing a description of “huge,” which immediately pushed it into the ranks of the largest public companies in the world.
The stock rose 20 percent, adding to Friday’s 19 percent gain, resulting in a $412 billion increase in market value.
According to Bloomberg News data, the shares closed at $192.46 yesterday, Monday, an increase of more than 42 percent compared to the initial offering price of $135.
This performance raised the company’s market value to more than $2.5 trillion, making it among the six largest companies in the world.
At this level, it is just less than $135 billion away from surpassing Amazon, which is worth about $2.7 trillion.
