Elon Musk becomes world’s first trillionaire as SpaceX soars in Wall Street debut (opens original article in a new tab)

SpaceX's Nasdaq debut saw shares jump 30% to $175, pushing its valuation past $2 trillion and making it the sixth-largest US company, with market participants monitoring the event as a test of trading infrastructure and investor appetite for upcoming tech IPOs.

• SpaceX's Nasdaq debut on Friday saw shares indicated to open at $175, a 30% increase from its $135 IPO price
• The company's valuation surpassed $2 trillion, making it the sixth-largest publicly listed US company
• Market participants monitored the IPO as a test of Wall Street's trading infrastructure and investor appetite for upcoming tech IPOs