SpaceX shares shot 20% higher Monday as the company said it raised a record-breaking $85.7 billion.

SpaceX shares surged 19% on their first trading day, closing at $160.95 and cementing the company's position as one of the most valuable public firms globally.

SpaceX raised a record $75 billion in the largest IPO ever, with shares closing at $160.95 on day one, a 19% gain that pushed its valuation to $1.8

SpaceX shares extended gains in pre-market trading on Monday after a record-breaking IPO debut that pushed its valuation above $2 trillion last week. Investor optimism…