SpaceX begins trading on Nasdaq under the ticker SPCX at a valuation topping $2 trillion after shares jump about 20%; company says IPO proceeds will fund Starship development and new AI infrastructure

SpaceX's record IPO positions it as a trillion-dollar company, marking a pivotal moment in the market and investor landscape.

Musk's fortunes were boosted from $813 billion to over $1 trillion, sending SpaceX into the ranks of the world's most valuable companies.