Loyal Newsmax viewers who listened to the channel’s entreaties last year and lined up to buy $10-per-share stakes in the company are feeling pretty rich right about now. Those shares are currently worth more than $130 each.

Conservative media outlet Newsmax Inc. is having a meme-stock moment, with shares surging 1,160% since its debut as a public company on Monday.

Newsmax's was briefly worth more than the New York Times on Tuesday after its share price jumped higher for a second straight day

Conservative cable network Newsmax (NYSE:NMAX) exploded onto the public markets on Monday, closing at $83.51—up a staggering 735% from its $10

Shares in Newsmax, the cable TV news outlet known for its sympathetic coverage of Donald Trump, soared more than 700% on their first day of trading. The IPO was priced at $10 a share last Friday, with the offering netting $75 million after 7.

Newsmax shares soared in their first day of trading. The company has raised $300 million from investors in the past month.