SpaceX soared in its Nasdaq debut on Friday, sending its value past $2 trillion, as investors jumped at the chance to get a piece of Elon Musk's sprawling empire spanning rockets, internet service and AI after a record-setting IPO.
The launch was smoother than many observers expected, with trading kicking off late on Friday morning, swinging for most of the session between gains of 15% and 30% above Thursday's pricing with little in the way of volatility. Shares ended the day at about $161 a share, up 19%, making SpaceX the sixth-largest U.S. company, though the final settlement price had yet to be determined.
