SpaceX Shares Soar Again In Premarket—Nears $2.75 Trillion Market Cap

Topline SpaceX shares soared more than 10% early Tuesday, after rising almost 20% in its first full day of trading on Monday following a historic IPO last week that made its founder and CEO Elon Musk the world’s first trillionaire. SpaceX shares soared again in premarket trading early on Tuesday. Getty Images

Key Facts

SpaceX’s stock price climbed to $212.4, up around 10.35% from Monday’s close in premarket Tuesday. 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 if 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 net worth as of Monday’s market close is $1.3 trillion. This makes him the world’s richest person by a massive distance, with Google Founders Larry Page and Sergey Brin more than $1 trillion behind 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

Shares 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)