SpaceX's stock rose 19% on its first day of trading, surpassing a $2 trillion market cap to become the sixth largest company in the United States.

On June 13, SpaceX made its highly anticipated debut on the Nasdaq, soaring in value to surpass a $2 trillion valuation. The trading launch went more smoothly than many industry observers had projected. The stock began trading Friday morning, climbing 15% to 30% above its Thursday IPO offering price for most of the day with minimal volatility. By the market close, the stock was priced at roughly $161, a 19% gain, catapulting SpaceX to the spot of the sixth-largest publicly traded company in the U.S. The official final settlement price has not yet been determined. Trading volume for the session topped 500 million shares, with total transaction value hitting around $800 billion. Ahead of this launch, market analysts had expressed concerns that an influx of new stocks — including upcoming IPOs from Anthropic and OpenAI, coming after a prolonged dry spell in new listings — would drag down overall market performance. However, by the end of the day, investors across the board, from major institutional funds to Musk’s retail fan base, were overwhelmingly bullish. “SpaceX didn’t just shatter records for IPO fundraising size — it left every other major company in the dust,” said Dan Coatsworth, a market analyst at AJ Bell. “When its initial valuation was already sitting close to $2 trillion, adding that much market capitalization so rapidly is truly staggering.”