Tesla Inc. (NASDAQ:TSLA) shares are moving upward on Monday as traders react to the historic public market debut of Space Exploration Technologies Corp (NASDAQ:SPCX) on Friday, which saw its shares surge about 19% on day one.
SpaceX closed at $166.85, pushing its valuation past the $2 trillion mark.
Historically, Tesla shares move in tandem with major SpaceX milestones. Friday’s breakout debut officially made CEO Elon Musk the world’s first trillionaire, with Forbes valuing his net worth at $1.1 trillion.
Read Next
Macro Economic Events
