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Source: The Hill

SpaceX Debuts on Nasdaq, Valuation Soars to $1.96 Trillion

SpaceX, led by Elon Musk, officially went public on Friday with its initial public offering (IPO) on the Nasdaq stock exchange. The company's debut on the market reportedly saw its valuation reach $1.96 trillion, following an 11 percent increase when trading commenced. This development is also reported to have established Elon Musk as the world's first trillionaire.

By Fainaron·Jun 12, 2026 (a day ago)·2 views
SpaceX Debuts on Nasdaq, Valuation Soars to $1.96 Trillion

SpaceX, the aerospace manufacturer and space transportation services company founded by Elon Musk, made its stock market debut on Friday.

The company's initial public offering (IPO) officially launched on the Nasdaq exchange. Upon the opening of trading, the IPO saw an 11 percent increase.

This stock market debut reportedly set a new record and propelled SpaceX's valuation to an estimated $1.96 trillion. The significant increase in company valuation is also said to have resulted in Elon Musk becoming the world's first trillionaire.

According to The Hill, ...

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#spacex#ipo#elon musk#nasdaq#valuation#trillionaire#stock market
Source attribution: This article was AI-curated and rewritten by Fainaron from a piece originally published by The Hill. Read the original at The Hill →

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