SpaceX's stock rose 19% on its first day of trading, surpassing a $2 trillion market cap to become the sixth largest company in the United States.

BlockBeats News, June 13th, on the first day of trading on Nasdaq, SpaceX soared, surpassing a $2 trillion valuation. The trading debut proved to be smoother than many observers had anticipated. The stock began trading later Friday morning, rising between 15% and 30% above Thursday's pricing for most of the day, with relatively minor fluctuations. By the closing bell, the stock was priced around $161, up 19%, propelling the company to the sixth largest in the U.S. The final settlement price is yet to be determined.

The trading volume for this session exceeded 500 million shares, with a total transaction value of around $800 billion. With large-scale listings from Anthropic and OpenAI on the horizon, market observers had expressed concerns that an influx of new stocks after a prolonged IPO drought might drag down overall market performance. However, from large institutions to Musk's retail fans, investors of all kinds were bullish by the end of the day.

"SpaceX not only shattered records in the size of its IPO fundraising but also left other major companies far behind. When the initial valuation was already close to $2 trillion, the rapid addition of so much market cap in such a short time is truly impressive," said AJ Bell's Market Analyst, Dan Coatsworth.