SpaceX Stock Surges 20%, Musk's Net Worth Crosses $1 Trillion

Shares of SpaceX, the space exploration company led by Elon Musk, surged over 20% on December 12 (local time), pushing its valuation close to $2 trillion.

On December 12 (local time), on the New York stock market, SpaceX shares traded at $164.6100, up 21.93% from their offering price of $135, and reached as high as $168.7500 during trading. Based on a price of $150, SpaceX's market capitalization stood at approximately $1.96 trillion.

Musk's personal net worth also reached a significant milestone, surpassing $1 trillion. Based on a $150 share price, his assets exceeded $1 trillion. This development highlights SpaceX's growth trajectory and Musk's economic influence.

With SpaceX's public offering, other space-related stocks experienced sharp declines, indicating a flow of funds into SpaceX.