SpaceX shares jump over 9% as record IPO gains extend into second day

SpaceX shares jumped 9.2% to $176 on the second day of trading following a blockbuster Nasdaq debut, pushing its market valuation past $2.10 trillion and making it the sixth-largest US-listed company, surpassing Tesla. The listing, which included a fully exercised greenshoe option taking total offering size to $85.7 billion, marks Wall Street's largest public offering in history and has bolstered the AI-driven rally on US bourses. Elon Musk predicted SpaceX could surpass $1 trillion in revenue by 2031, with AI infrastructure deals worth $2.17 billion/month with Anthropic and Alphabet's Google set to become its biggest revenue stream.