SpaceX's first day of listing surged by 19%, with a market value exceeding 2 trillion USD, making it the sixth largest company in the United States.

SpaceX surged on its first day of trading on the Nasdaq, with a market value surpassing $2 trillion. The trading on this listing was smoother than many observers had expected. The stock started trading later in the morning on Friday, and for most of the day, it increased by 15% to 30% from its Thursday pricing, with not much fluctuation. The closing price was around $161, up 19%, making the company the sixth largest in the US. The final settlement price is yet to be determined. The trading volume for this session exceeded 500 million shares, with a total turnover of around $80 billion. With the looming large listings of Anthropic and OpenAI, market observers had feared that a flood of new stocks after a long period of relatively few IPOs might drag down market performance. However, from large institutions to Musk's retail fans, all types of investors were in high spirits by the end of the day. "SpaceX not only broke records in terms of the size of funds raised during the listing, but also left other large companies far behind. When the initial valuation was already close to $2 trillion, to see such a significant increase in market value in such a short time is impressive," said Dan Coatsworth, market director at AJ Bell.