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First reported by bsky

SpaceX IPO Set to Become Largest in History at $1.77 Trillion Valuation

SpaceX surges in Nasdaq debut, reaching $2 trillion valuation

CBC

5h ago· 6 min readenNews

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Summary

SpaceX made a highly successful Nasdaq debut on Friday, with its stock soaring and the company reaching a valuation of over $2 trillion US. The strong IPO performance is expected to lead to SpaceX's inclusion in the Nasdaq 100 index within weeks, which would make it a significant holding for passive funds and ETFs tracking the index. The milestone also reportedly made Elon Musk the first trillionaire.

Key quotes

· 3 pulled

SpaceX soared in its Nasdaq debut on Friday, making the company worth more than $2 trillion US.

It's expected to be included in the Nasdaq 100 within weeks, making it a major holding for passive funds and ETFs that track the index.

Gwynne Shotwell, president and chief operating officer of SpaceX, third from right, celebrates with colleagues during a bell ringing ceremony for the company's IPO at the Nasdaq MarketSite in New York on Friday.

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SpaceX soared in its Nasdaq debut on Friday, making the company worth more than $2 trillion US. It's expected to be included in the Nasdaq 100 within weeks, making it a major holding for passive funds and ETFs that track the index.