SpaceX IPO Soars 19% on First Day, Market Cap Hits $2.1 Trillion

Elon Musk's SpaceX closed its first day of trading on the Nasdaq at nearly $161 per share, a 19% gain from its initial public offering price. The jump pushed the company's market value above $2.1 trillion. The strong debut follows a record $75 billion IPO, the largest in U.S. history. Investors rushed to buy shares of the rocket and satellite company, which has long been a private firm. SpaceX now ranks among the most valuable public companies globally, surpassing many established tech giants. The stock's performance signals high demand for space-related investments.