SpaceX jumps 19% in Nasdaq debut, market cap tops $2 trillion

BlockBeats reported that SpaceX opened for trading on Nasdaq on June 13 and rallied in its first session, pushing its market capitalization above $2 trillion. The debut was widely seen as smoother than expected. Trading kicked off late Friday morning, with shares spending most of the day up 15% to 30% versus Thursday's offering price and showing relatively modest swings. By the close, SpaceX was changing hands around $161, up 19%, placing it as the sixth-largest U.S. company by market value. The final settlement price has not yet been confirmed. More than 500 million shares traded, translating to roughly $80 billion in turnover. Some market watchers had warned that a wave of new listings after a long IPO drought could pressure broader performance as Anthropic and OpenAI gear up for blockbuster public offerings. Instead, sentiment remained upbeat across both institutional investors and Musk's retail following. "SpaceX didn't just break records for the size of its fundraising—it left other major companies far behind. It's impressive that, with an initial valuation already nearing $2 trillion, it was able to add so much market value so quickly," said Dan Coatsworth, head of markets at AJ Bell.