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SpaceX shoots 19% higher in first day of trading
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axios.com 1 min read
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SpaceX shares jumped 11% in early IPO trading, implying a $1.97 trillion valuation that would place it among the top 10 U.S. companies and over 5% of the S&P 500 if included. Critics cite a 90-times-sales valuation and warn lockup expirations could trigger selling, though demand remains strong.
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