SpaceX raised $75 billion in a record Nasdaq IPO at $135 per share, briefly topping $2 trillion in market cap before a sharp pullback and merger speculation

SpaceX shares jumped 19 per cent in their Nasdaq debut on June 12, when it raised more than $75 billion in a record offering.

SpaceX's $75 billion IPO, the largest in history, gave it a $1.8 trillion valuation. The stock surged 43% in two days before facing significant swings.