SpaceX shares debut after biggest IPO in history | CNN Business

• SpaceX soared Friday in its blockbuster stock market debut, with shares gaining 19% after Wall Street’s biggest-ever IPO. • The rocket and AI company, which Elon Musk founded in 2002, is now valued at over $2 trillion, joining Musk’s Tesla as one of the world’s top-ten most valuable companies. • Musk, who owns nearly half the company’s stock, has now made history as the world’s first trillionaire. Our live coverage of SpaceX IPO has ended. Read more of our coverage here. US stocks closed higher overall on Friday. The Dow gained about 353 points, a 0.7% increase for the day. The S&P 500 and tech-heavy Nasdaq rose about 0.5% and 0.3%, respectively. The Trump administration on Friday signaled a peace deal with Iran could be close, and fresh data showed that consumer sentiment rose in June for the first time in three months. SpaceX shares fluctuated a few cents after the closing bell. The stock settled at $160.95, up 19.22% from the target price of $135. SpaceX celebrated a record IPO and first trading day on a balcony on the Nasdaq in Times Square on Friday, with the Times Square ball high above SpaceX employees and at least two people dressed up as astronauts. One a