**[SpaceX Surges 19% on IPO Debut, Market Cap Exceeds $2 Trillion to Become the Sixth Largest U.S. Company]** BlockBeats reports that on June 13, SpaceX saw a significant surge on its first trading day after going public on the Nasdaq, with its market capitalization surpassing $2 trillion. The IPO trading process was smoother than many observers had anticipated. The stock began trading late Friday morning, fluctuating between a 15% to 30% increase from Thursday's pricing for most of the session. By the close, the stock was priced at approximately $161, up 19%, making SpaceX the sixth largest company in the United States. The final settlement price is yet to be determined. The trading volume exceeded 500 million shares, with a total transaction value of around $80 billion. As major IPO plans from Anthropic and OpenAI loom on the horizon, market watchers had expressed concerns that a flood of new listings, following a prolonged IPO drought, might weigh on market performance. However, by the end of the day, investor sentiment—from large institutions to Elon Musk's retail fanbase—was overwhelmingly positive. "SpaceX not only broke records in terms of IPO fundraising but also left other major companies far behind. When the initial valuation is already close to $2 trillion, adding so much market cap in such a short time is truly remarkable," said Dan Coatsworth, Head of Markets at AJ Bell. [Original Link]