SpaceX shares rise 11% in strong Nasdaq debut after $75 billion IPO

SpaceX debuted on the Nasdaq with an 11% gain, opening at $150 versus its $135 IPO price, raising proceeds that more than doubled Saudi Aramco's $26 billion 2019 offering. The listing, which debuted at a ~$1.75 trillion valuation, made Elon Musk the world's first trillionaire and pushed the company's market cap above $2 trillion. Expected fast-track inclusion in the Nasdaq-100 within 15 days is likely to drive further passive-fund demand, though the company remains loss-making with a $4.94 billion net loss on $18.67 billion in 2025 revenue.