Elon Musk becomes world's first trillionaire as SpaceX soars in Nasdaq debut
Elon Musk has become the world's first trillionaire after shares in his SpaceX rocket company surged on their stock market debut in New York. The company listed on the Nasdaq exchange on Friday in what was described as the biggest-ever stock market debut, briefly lifting Musk's paper wealth above $1tn. SpaceX closed the day with a valuation of $2.2tn, after trading opened above the offer price and climbed further during the session.The company said shares would be offered at $135 each, but trading opened at $150 and briefly reached $176.50 before ending the day at $160.95. The initial public offering... [Continue Reading]
360LiveNews | 12 Jun 2026 23:04 LONDON
Sponsored
Wall Street closes higher as chips surge, small caps rally and oil slides sharply
Executive summary: U.S. stocks finished higher, led by a powerful rebound in AI and chip shares, while small caps, banks and defense stocks also advanced. The session was marked by a sharp drop in WTI crude, a pullback in gold, and a strong move in palladium, suggesting a broad rotation across risk assets and commodities. The biggest single equity move in the data was SOXX, which jumped more than 10%, while Microsoft, Apple, Meta and Amazon all fell. The S&P 500, Nasdaq Composite and Dow Jones each ended in the green, with the Russell 2000 outperforming the large-cap benchmarks. [Continue Reading]
Wall Street closes sharply lower as megacap tech leads a broad risk-off move, while defence and palladium stand out
Executive summary: US stocks finished lower in a broad selloff, led by steep declines in megacap technology and AI-linked shares. Meta, Microsoft and Nvidia were among the biggest drags, while defence stocks and palladium bucked the weakness. The move came alongside softer crude, gold and energy prices, a mixed FX backdrop, and a modest rise in Bitcoin. [Continue Reading]
