SpaceX share price rises on second day of trading

SpaceX's stock climbed on its second day as a listed company following a blockbuster initial public offering. On Friday the company began trading on the Nasdaq after the biggest IPO in market history, raising $75 billion and reaching a market capitalization just shy of $2 trillion.

The stock closed that first day at $160.95, nearly 20% above the $135 offer price, lifting the company's market value to about $2.1 trillion. Trading under the ticker SPCX, the firm entered its first full day of trading on Monday with continued momentum. In premarket trade the share price pointed to a rise of over 5%, adding another $9 a share and more than $100 billion to its market capitalization.

The IPO created many new millionaires among SpaceX staff and made founder and CEO Elon Musk the world99s first trillionaire. It also stood out for allocating a larger proportion of shares to retail investors than is typical, a feature that divided some in the investing community.

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