US stocks: SpaceX shares close 19% higher in historic market debut, value surges past $2 trillion SpaceX's Nasdaq debut shattered expectations, soaring past $2 trillion and becoming the sixth-largest U.S. company. Investors, from institutions to retail fans, celebrated the record-breaking IPO, which raised $75 billion. Despite a reported loss last year, the company's ambitious vision and market opportunity captivated the market, with shares closing up 19%. The Economic Times · Jun 12
Stocks Pop on SpaceX IPO, Hormuz Peace Plan: Stock Market Today Markets eased into the weekend with modest gains, as the SpaceX IPO made Elon Musk a trillionaire and Middle East peace seemed near. Kiplinger · Jun 12
Can Elon Musk's SpaceX IPO Affect Your 401(K) and IRA Savings? Experts Explain How Shares Hit Retirement Accounts Elon Musk's SpaceX IPO will hit your 401(k) and IRA savings through index funds within days. Experts explain why the impact is small despite the $1.75t valuation. International Business Times UK · Jun 12
Stocks Rise On SpaceX IPO, Trump's Claims That Iran Deal Is Close Stocks climbed on Friday after SpaceX's IPO and Donald Trump's claim that a deal with Iran is imminent. International Business Times · Jun 12
US stocks: US market ends up on Iran war peace deal hopes, SpaceX's historic debut U.S. stocks climbed Friday, buoyed by hopes of a U.S.-Iran peace deal and the historic debut of SpaceX, which surged past its IPO price. Progress in peace talks eased inflation and interest rate concerns, while SpaceX's strong opening captivated investors despite its recent losses. Other space stocks saw a slight… The Economic Times · Jun 12
Elon Musk accused of amplifying anti-migrant content to more than 60 million on X amid Belfast disorder Elon Musk’s posts on X about the disorder in Belfast have garnered more than 60 million views The Independent UK · Jun 12
SpaceX stock soars in debut and makes Elon Musk the first trillionaire Shares of SpaceX soared 24% in their Wall Street debut, making the rocket maker's founder and CEO Elon Musk the first-ever trillionaire AAP · Jun 12
Despite his new trillionaire status, Elon Musk says money ‘will stop being relevant’ in the future because of AI The SpaceX CEO envisions a world where robots serve humans, and the output of goods and services will far exceed the supply of money, creating deflation. Fortune · Jun 12
SpaceX soars 24% in Wall Street debut and makes Elon Musk the first trillionaire Shares of SpaceX soared 24% in their Wall Street debut, making the rocket maker's founder and CEO Elon Musk the first-ever trillionaire AAP · Jun 12
Elon Musk Becomes the World's First Trillionaire. Is That Such a Bad Thing? Growing economies benefit all people, not just the uberwealthy. Reason · Jun 12
Latin Times · Jun 12 Trillion-Dollar Man: Contextualizing Elon Musk's New Fortune as SpaceX IPO Storms the Market SpaceX's record IPO made Elon Musk the world's first trillionaire. We break down what $1 trillion means — from funding Mars colonization to ending global hunger, closing the water crisis, and fixing the planet we're already on.
The Guardian - US · Jun 12 Share your views on SpaceX’s stock market debut Americans’ financial futures are about to be tied to the fortunes of Elon Musk with the world’s largest ever stock market debut. How do you feel about this?
The Economic Times · Jun 12 On This Day in History, June 13: Alexander dies, Miranda ruling, Korea summit, FIFA 2026 awarded to US-Canada-Mexico, Trump charged and more events On This Day in History, June 13 witnessed the death of Alexander the Great, the signing of the enduring Anglo-Portuguese alliance, the landmark Miranda ruling, Thurgood Marshall's Supreme Court nomination, the first summit between North and South Korean leaders and the historic federal criminal case against Donald Trump. The date…
The Economic Times · Jun 12 $1,000,000,000,000: The larger story of Musk, the first trillionaire, lies not in wealth, but in power, tech and governance Elon Musk's trillion-dollar valuation marks a new era in capitalism. This unprecedented wealth reflects a changing dynamic between technology and power. Private entities now wield influence once held by nations. Markets are valuing future possibilities over present products. Societies face the challenge of governing this new scale of economic power…
Bangkok Post · Jun 12 Renewed hope for Iran deal buoys investors RECAP: Asian stocks gained and oil dipped Friday after US President Donald Trump withdrew his threat of further strikes on Iran and said a deal could be signed in the coming days, although Tehran said it had not reached a final conclusion.
The Economic Times · Jun 12 Space stocks slump as blistering rally cools after SpaceX market debut Space stocks saw a significant drop on Friday. Investors took profits after a strong rally. This occurred on the day of SpaceX's highly anticipated market debut. The Elon Musk-led company achieved a valuation exceeding two trillion dollars. This event has drawn attention to the entire space sector. Other space companies…
The Guardian - US · Jun 12 The SpaceX IPO made Musk a trillionaire. The old rules of capitalism no longer apply The economic principles taught in school aren’t as relevant as hype, connections and total, arbitrary control
Fortune · Jun 12 On the day of a historic IPO, SpaceX’s president is already hinting at a Tesla merger: ‘That might make Elon Musk’s life a little easier’ A combined SpaceX-Tesla could be worth more than $3 trillion.
The Economic Times · Jun 12 Elon Musk recalls SpaceX’s journey from mere 10% chance of success to the world’s biggest IPO Elon Musk revealed that when he founded SpaceX he gave it less than a 10% chance of success. However, the aerospace giant on Friday, debuted on Nasdaq in the largest IPO ever, with its valuation surpassing $2 trillion. This blockbuster listing also propelled Musk to become the world's first trillionaire.