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US Stocks Rise After Oil Prices Ease and SpaceX Soars in Its Debut on Wall Street
The rocket maker raised about $75 billion in the offering, and trading begins under ticker SPCX as retail demand drives valuation near $1.8 trillion.
- On Thursday, SpaceX priced its initial public offering at $135 per share, raising roughly $75 billion and valuing Elon Musk's company at about $1.77 trillion. The offering surpasses Saudi Aramco's 2019 listing by a wide margin.
- Operating as a conglomerate, the company manages three core segments: reusable rockets, Starlink, and xAI. These operations consolidate Musk's influence over his companies, increasingly focused on artificial intelligence and robotics.
- Spending on artificial intelligence surged above $12 billion in 2025, significantly outpacing the $4 billion invested in space. The company generated more than $11 billion in revenue last year from Starlink operations.
- SpaceX will begin trading on Nasdaq under ticker symbol SPCX, following a futures market holding at $160 in recent weeks. Analysts at Oppenheimer estimate the company's AI spending will rise above $49 billion this year.
- Market expectations include Musk potentially integrating his $1.2 trillion Tesla brand into the SpaceX fold after the IPO. The company faces intense competition from industry leaders OpenAI and Anthropic, both planning to go public this year.
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SpaceX debut lifts stocks as oil falls on Iran deal hopes | Honolulu Star-Advertiser
NEW YORK/LONDON >> MSCI’s global equities index rose today, with Wall Street ending modestly higher as shares of Elon Musk’s SpaceX soared in their market debut, while oil prices fell more than 3% on fresh hopes for a peace deal between Iran and the U.S.
·Honolulu, United States
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The Washington Post+5 Reposted by 5 other sources
US stocks drift as oil falls and SpaceX debuts on Wall Street
Herald Bulletin+5 Reposted by 5 other sources
US stocks drift as oil falls and Wall Street waits for SpaceX's debut
U.S. stocks are drifting after oil prices fell again and as Wall Street waits for the highly anticipated debut of SpaceX coming later in the day. The S&P 500 rose 0.1% Friday. The Dow added 166 points, and the Nasdaq…
The Columbian+28 Reposted by 28 other sources
US stocks rise after oil prices ease and SpaceX soars in its debut on Wall Street
NEW YORK (AP) — U.S. stocks rose Friday after oil prices fell again, and SpaceX soared in its highly anticipated debut on Wall Street. Read more...
·Vancouver, United States
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Total News Sources71
Leaning Left22Leaning Right7Center27Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 39%
C 48%
13%
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