AI Bias Analysis
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While SpaceX's IPO has caused alarm that it may be overvalued, some retail investors still want in.
Source
CNBC
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SpaceX shares soared on Friday as trading commenced on the Nasdaq.
President Donald Trump earlier wrote on Truth Social that public reporting about the deal has "NOTHING to do with the terms that were agreed to, in writing."
SpaceX "proxy stocks," whose options volumes were booming ahead of Friday's historic initial public offering, are unwinding gains.
Elon Musk's stake in SpaceX is worth more than $766 billion. Combined with his Tesla holdings, Musk's net worth as of Friday is roughly $1.05 trillion.
