SpaceX shares rose 19% on first day of trading, pushing its market capitalization above $2 trillion and making it the sixth largest company in the United States.

CoinFeed reported on June 13th that SpaceX (SPCX.O) surged on its first day of trading on Nasdaq on Friday, pushing its market capitalization above $2 trillion. The IPO was smoother than many observers had anticipated. Trading began late Friday morning, with the stock rising 15% to 30% for most of the day compared to Thursday's pricing, exhibiting relatively low volatility. It closed at approximately $161, up 19%, making the company the sixth-largest company in the United States. The final settlement price is yet to be determined. The trade volume exceeded 500 million shares, with a turnover of approximately $80 billion. With the large-scale IPOs of Anthropic and OpenAI looming, market observers had worried that the influx of new shares after a long period of relative scarcity could drag down market performance. However, investors of all types, from large institutions to retail fans of Musk, were in high spirits at the close of the day.