Source: CNBC
Summary
SpaceX’s valuation has surged to $1 trillion after its shares started trading on Friday, according to reports. The company’s valuation has increased by $1 trillion since its initial public offering (IPO). The valuation increase is attributed to the company’s growing revenue and expanding investor interest.
Our Reading
The announcement sounds ambitious. SpaceX’s valuation surges to $1 trillion, because who doesn’t love a good trillion-dollar valuation? The company’s shares started trading on Friday, and investors are already seeing dollar signs. Another private company goes public, and another valuation balloons. Because what’s a few billion dollars between friends?
Author: Evan Null
