{"slug": "spacex-surges-past-2-trillion-in-nasdaq-debut-closes-in-on-amazon", "title": "SpaceX surges past $2 trillion in Nasdaq debut, closes in on Amazon", "summary": "SpaceX shares surged 19% in their Nasdaq debut on Friday, pushing the company's valuation past $2 trillion and making it the sixth-largest U.S. company. The record-setting $75 billion IPO turned Elon Musk into the world's first trillionaire, despite SpaceX being unprofitable with revenue far below similarly valued tech giants.", "body_md": "SpaceX shares jumped 19% in their Nasdaq debut on Friday, sending the company’s value past $2 trillion to make it the sixth-biggest U.S. company by value and turning Elon Musk into the world’s first trillionaire.\n\nInvestors jumped at the chance to get a piece of Musk’s sprawling empire spanning rockets, satellites and AI after the record-setting $75 billion IPO.\n\nMore than 510 million shares worth about $84 billion changed hands, even though SpaceX is currently unprofitable and generated only a fraction of the revenue brought in by similarly valued tech giants.", "url": "https://wpnews.pro/news/spacex-surges-past-2-trillion-in-nasdaq-debut-closes-in-on-amazon", "canonical_source": "https://www.japantimes.co.jp/business/2026/06/13/markets/spacex-ipo-nasdaq-debut/", "published_at": "2026-06-13 02:42:00+00:00", "updated_at": "2026-06-13 05:27:14.951587+00:00", "lang": "en", "topics": ["ai-startups"], "entities": ["SpaceX", "Nasdaq", "Elon Musk"], "alternates": {"html": "https://wpnews.pro/news/spacex-surges-past-2-trillion-in-nasdaq-debut-closes-in-on-amazon", "markdown": "https://wpnews.pro/news/spacex-surges-past-2-trillion-in-nasdaq-debut-closes-in-on-amazon.md", "text": "https://wpnews.pro/news/spacex-surges-past-2-trillion-in-nasdaq-debut-closes-in-on-amazon.txt", "jsonld": "https://wpnews.pro/news/spacex-surges-past-2-trillion-in-nasdaq-debut-closes-in-on-amazon.jsonld"}}