SpaceX shares rise 11% on Nasdaq debut for market cap just shy of $2 trillion (opens original article in a new tab)

SpaceX's Nasdaq debut saw shares rise 11%, valuing the company at $1.96 trillion, with the IPO being the largest in history at $75 billion. The valuation faces challenges due to recent losses and high price-to-revenue ratio, but analysts see potential in its space and AI ventures.

• SpaceX's shares rose 11% on Nasdaq debut, valuing the company at $1.96 trillion
• The IPO was the largest in history, raising $75 billion, more than double Saudi Aramco's 2019 IPO
• SpaceX's valuation faces challenges due to its $5 billion loss and high price-to-revenue ratio of 94
• Analysts compare SpaceX to Tesla and Amazon, highlighting its potential in space and AI markets