SpaceX Surges 19% on First Trading Day, Becomes U.S. Sixth-Largest Listed Company

According to Jin10, SpaceX surged 19% on its first trading day on Friday, June 13, closing at $160.9 per share with a market capitalization of $2.1 trillion, making it the sixth-largest publicly listed company in the U.S. The broader market closed modestly higher: the Dow Jones Industrial Average rose 0.7%, the S&P 500 gained 0.5%, and the Nasdaq Composite increased 0.3%.

Other aerospace stocks fell sharply: Virgin Galactic dropped over 30%, while Rocket Lab declined over 10%. Chip stocks gained ground, with Arm up 11% and Intel up 6.5%.