Topline
SpaceX shares soared more than 10% in the premarket early on Tuesday, after rising almost 20% in its first full day of trading on Monday following a historic IPO launch last week for the rocket and AI company, which made its founder and CEO, Elon Musk, the world’s first trillionaire.
SpaceX shares soared again in premarket trading early on Tuesday.
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Key Facts
In premarket trading early on Tuesday, SpaceX’s stock price climbed to $212.4, up around 10.35% from Monday’s close.
The rocket company’s market cap crossed $2.5 trillion on Monday and if the premarket surge holds, its valuation could surge past $2.75 trillion.
SpaceX is currently the sixth most valuable company in the world and the premarket jump continues after the opening bell; it could overtake Amazon and inch close to Microsoft’s market cap.
Forbes Valuation
According to Forbes’ estimates, Musk’s current net worth as of Monday night’s market close is $1.3 trillion dollar. This makes him the world’s richest person by some distance, with Google Founders Larry Page and Sergey Brin being more than $1 trillion behind at second and third on Forbes’ Real Time Billionaires’ list. Musk’s fortune rose by nearly $165 billion on Monday, which is more than the entire net worth of the world’s ninth richest person, Bernard Arnault.
Tangent
The share of Tesla, Musk’s other major public company, rose $1.16% on Monday to $411.15, putting the electric car maker’s market cap at nearly $1.3 trillion. The company’s stock, however, is down 1.63% in the premarket on Tuesday.
further reading
SpaceX Soars Another 20%—Rocketing Musk’s Net Worth To $1.3 Trillion (Forbes)