SpaceX IPO: Elon Musk’s Company Surges 19% on Nasdaq Debut, Market Valuation Crosses USD 2 Trillion Milestone

SpaceX shares jumped 19% in their Nasdaq debut, reaching a USD 2.1 trillion valuation and making Elon Musk the first trillionaire. Despite currently being unprofitable, the company’s IPO drew massive retail investor interest. SpaceX is now the sixth-most valuable U.S. firm, with expected inclusion in the Nasdaq 100 index likely to drive further long-term institutional demand.