SpaceX Closes Up Nearly 20% in Historic IPO Debut, Minting Musk as First Trillionaire

Nikkei Asia—SpaceX soared nearly 20% on its first day of trading in a blockbuster IPO, reaching a record valuation and making Elon Musk the world first trillionaire. The stock market debut was historic for U.S. space companies, though analysts note regulatory restrictions complicate the firm expansion in China, India, and Southeast Asia.

• Nikkei Asia — Record first-day gain; regulatory restrictions complicate expansion in China, India, Southeast Asia.
• Semafor — Strong debut seen as positive signal for upcoming mega-IPOs expected from both AI companies later this year