# SpaceX surges past $2 trillion in Nasdaq debut, closes in on Amazon

> Source: <https://www.japantimes.co.jp/business/2026/06/13/markets/spacex-ipo-nasdaq-debut/>
> Published: 2026-06-13 02:42:00+00:00

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.

Investors 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.

More 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.
