‘True test of capitalism’, says billionaire banker Uday Kotak on SpaceX IPO market debut (opens original article in a new tab)

SpaceX's IPO saw a 19% surge on its debut day, boosting Elon Musk's net worth past $1 trillion, while Uday Kotak described the event as a 'true test for capitalism' and questioned if it represents a shift or speculative bubble.

• SpaceX's stock debuted on Nasdaq with a 19% rise, closing at $161 per share
• Elon Musk's net worth exceeded $1 trillion due to SpaceX and Tesla stakes
• Uday Kotak called SpaceX's IPO a 'true test for capitalism' and questioned if it's a shift or bubble