SpaceX Hits $2 Trillion Valuation in Record-Breaking Nasdaq Debut

SpaceX shares surged 27.9% in their historic Nasdaq debut on Friday, closing at $172.55 against an initial price of $135. The aerospace giant’s market capitalization now exceeds $2 trillion, anchoring a broader Wall Street rally fueled by cooling geopolitical tensions between Washington and Tehran.

The Dow Jones Industrial Average climbed 351.73 points, while the S&P 500 added 23.84 points and the Nasdaq Composite ticked up by 28.41 points. Market sentiment shifted toward optimism as investors weighed the potential for a diplomatic breakthrough in U.S.-Iran relations, which could signal an end to years of regional instability.

As the trading week concludes, focus shifts toward the Federal Reserve. Market participants are preparing for the upcoming policy meeting led by newly appointed chair Kevin Warsh, looking for signals on future interest rate trajectories and economic stability following the week’s record-setting public listing.