SpaceX shares surged 19% on its first day of trading, pushing its market cap above $2 trillion and making it the sixth-largest company in the United States

Odaily Planet Daily News: SpaceX surged on its Nasdaq debut on Friday, with its market capitalization surpassing $2 trillion. The listing proceeded more smoothly than many observers had anticipated. Shares began trading late Friday morning, and for most of the session, they traded between 15% and 30% above Thursday's pricing, showing relatively modest volatility. The stock closed at around $161, a 19% gain, propelling the company to become the sixth-largest in the U.S. The final settlement price is yet to be determined. Trading volume exceeded 500 million shares, with a transaction value of approximately $80 billion. With major listing plans from Anthropic and OpenAI on the horizon, some market observers had worried that a wave of new offerings, following a prolonged period of relative IPO drought, could weigh on market performance. However, sentiment among various investors, from large institutions to Elon Musk's retail fanbase, was buoyant as trading closed. “SpaceX hasn't just broken records for the size of its IPO; it has left other major companies far behind. To add so much market capitalization in an instant, when the starting valuation was already close to $2 trillion, is truly impressive,” said Dan Coatsworth, market head at AJ Bell. (Jin Shi)