SpaceX set to surge past US$2 trillion valuation in blockbuster Nasdaq debut (opens original article in a new tab)

SpaceX's Nasdaq debut saw its shares surge over 30% on the first day, valuing the company at over $1.77 trillion and making it the seventh-largest US company by market capitalization.

• SpaceX's Nasdaq debut saw shares open at $175, a 30% increase from the $135 IPO price.
• The IPO raised $75 billion, valuing SpaceX at $1.77 trillion, making it the seventh-largest US company by market cap.
• SpaceX's valuation could rise further if underwriters exercise their option to sell additional shares.