SpaceX shares soar 30% midday, vaulting it to top six most valuable U.S. companies

SpaceX shares surged 30% by midday on Friday, following its initial public offering (IPO) on the same day. The company's stock began trading above its IPO price of $135 per share, a significant increase that propelled its valuation into the top six most valuable U.S. companies. This market performance marks a strong debut for the aerospace manufacturer, reflecting investor confidence in its future growth and technological advancements. The IPO's success is a notable event in the public markets, highlighting the company's substantial market capitalization and its position within the broader corporate landscape. The exact valuation reached by SpaceX following this trading activity places it among the ranks of major established corporations.