SpaceX stock soars 19% on first day of trading following record-breaking $75 billion IPO

TL;DR

SpaceX's IPO raised $75 billion, becoming the largest in history.
The company's stock rose 19% on its first day of trading, peaking at nearly 31% gain.
SpaceX's market value reached $2.2 trillion, surpassing Meta Platforms, Samsung, and Tesla.
The company aims to establish a human colony on Mars and deploy space-based data centers.
SpaceX acquired Elon Musk's xAI company, which runs X and chatbot Grok.
Despite a high valuation, SpaceX is currently unprofitable and lags in revenue and profitability compared to other tech giants.
Elon Musk's stake in SpaceX makes him a trillionaire on paper, retaining significant control.
SpaceX's stock is expected to be volatile in its early trading days.

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