SpaceX made its historic NASDAQ debut on Friday with shares closing 19% higher. The company's valuation surged past $2 trillion, making it the sixth-largest U.S. firm by market value. The IPO raised $75 billion despite a reported loss last year.
U.S. stocks climbed on Friday, supported by hopes for a U.S.-Iran peace deal and the strong opening for SpaceX. Progress in the peace talks helped ease concerns over inflation and interest rates.
SpaceX shares surged past their IPO price, drawing attention from both institutional and retail investors. Other space-related stocks saw a slight pullback during the session.
The company's ambitious plans, including Starlink, continued to attract market interest even after the recent loss.
