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SpaceX Jumps 19% in Nasdaq Debut, Lifting Market Value Above $2 Trillion
Summary
- SpaceX made a successful Nasdaq debut, pushing its market capitalization above $2 trillion.
- The stock rose 19.22%% at the close of its first trading day and gained another 3.67%% in after-hours trading, extending investor buying.
- On the first day, 522 million shares changed hands with about $85.3 billion in turnover, lifting the company to sixth place in the global ranking of listed companies by market value.
Forecast Trend Report by Period
Elon Musk's space company SpaceX made a successful debut on the Nasdaq, pushing its market capitalization easily above $2 trillion. Record first-day trading also vaulted it to sixth place in the global ranking of listed companies by market value.
SpaceX, which began trading on the U.S. stock market on June 12, rose 19.22% at the close of its first session. The stock gained another 3.67% in after-hours trading and was changing hands at $166.85.
Investor interest was also reflected in trading activity. A total of 522 million shares changed hands on the first day, with turnover reaching about $85.3 billion.
The surge lifted SpaceX's market capitalization to about $2.18 trillion. That was enough to overtake Broadcom, one of the leading artificial intelligence semiconductor stocks, ranking ninth in the global asset market by market capitalization.
Among listed companies worldwide, SpaceX placed sixth by market value, behind Nvidia, Alphabet, Apple, Microsoft and Amazon.
Doohyun Hwang
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