Economic Times•Today at 06:37
SpaceX becomes world's 7th most valuable company after blockbuster market debut
SpaceX's long-awaited stock market debut on Friday delivered more than just a strong performance from a big name getting listed in recent memory, it instantly propelled Elon Musk's rocket and satellite company into the ranks of the world's most valuable companies. More than 500 million shares changed hands on debut, a figure that approached Facebook's first-day trading volume of about 580 million shares in 2012. Roughly 16 million shares changed hands in post-market activity, adding to the more than 500 million traded during regular hours.
