Absolutely incredible. SpaceX, SPCX, is now trading above $220/share in overnight trading. This makes SpaceX worth nearly $2.9 TRILLION, less than $100 billion away from surpassing Microsoft. This also puts SpaceX up +63% from its IPO price of $135/share. Furthermore, the combined market cap of both SpaceX and Tesla is now at a record $4.4 trillion. That’s bigger than the market cap of Apple and roughly equivalent to the market cap of Google. To top it all off, SpaceX raised a record $85.7 billion after underwriters exercised the "greenshoe" overallotment. Never in history has an IPO ever come remotely close to what we are seeing right now. Truly incredible.(The Kobeissi Letter)