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00:02SpaceX shares climbed about 6% in pre-market trading on Monday,
00:07hovering near $170, following a record-breaking Nasdaq debut the prior week, according to CNBC.
00:13The stock surged 19% on Friday, closing at $161 after pricing at $135 per share,
00:21pushing the company's market capitalization above $2 trillion.
00:25Capital expenditures for the first quarter totaled $10.1 billion, up from $4.1 billion a year earlier.
00:33The IPO has drawn mixed analyst reactions.
00:37CFRA initiated coverage with a sell rating and a $115 price target,
00:42citing an ambitious growth strategy and high capital intensity.
00:46Morningstar valued the stock at $63 per share.
00:49New Street Research took a more bullish view,
00:51setting a $165 price target and citing SpaceX's decade-long lead in rocket launch capabilities.
00:58For all things money, visit Benzinga.com.
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