Instant Reaction: SpaceX Jumps in First Trades Following Record $75 Billion IPO
6/12/202616 min
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.
Clips
Transcript preview
First 90 secondsCraig Trudell· Guest0:00
You have invested in artificial intelligence. Maybe you have pilots or even proofs of concepts that show real promise. The next opportunity is scaling that success across the business. At EY Consulting, we help organizations redesign how work gets done so innovation can move beyond the nascent stage. By addressing architecture, operating models, and governance, we help AI deliver real lasting value at scale. When AI fits how you actually work, that is EY Consulting.
Speaker 20:29
[upbeat music] So there's a lot of noise about AI, but time's too tight for more promises. So let's talk about results. At IBM, we work with our employers to integrate technology right into the systems they need. Now, a global workforce of 300,000 can use AI to field their HR questions, resolving 94% of common questions. Not noise, proof of how we can help companies get smarter by putting AI where it actually pays off, deep in the work that moves the business. Let's create smarter business, IBM.
Speaker 31:00
Small businesses are the pulse of every community. They bring people together, create opportunities, and drive growth. Chase for Business helps business owners like you with personalized guidance and convenient digital tools all in one place. With that guidance and your determination, you can take your business farther and help build a brighter future for your community. Learn more at chase.com/business. Chase for Business. Make more of what's yours. The Chase mobile app is available for select mobile devices. Message and data rates may apply.