Wall Street ended higher as SpaceX surged 19 per cent in its Nasdaq debut, giving the company a valuation of over US$2 trillion.

NEW YORK (AP) — U.S. stocks are rising Friday after oil prices fell again, and SpaceX surged in its highly anticipated debut on Wall Street.

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

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