June 12 : U.S. space stocks tumbled on Friday as investors rushed to lock in gains on the day of SpaceX's market debut, snapping a months-long rally fueled by anticipation over the blockbuster IPO.The Elon Musk-led company jumped 28 per cent, clinching a valuation of over $2 trillion as both institutional inv

The aerospace company’s market capitalization surged to $2.1 trillion by the end of trading.

SpaceX shares opened at US$150 in Nasdaq, up from its US$135 IPO price per share.

SpaceX made a blockbuster debut on the Nasdaq on Friday, with its shares surging 19 per cent and pushing the company's valuation beyond $2 trillion. The rally elevated SpaceX to…