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Dow Jones Edges Higher While SpaceX Steals the Show With $2 Trillion Valuation

The Motley Fool·
Dow Jones Edges Higher While SpaceX Steals the Show With $2 Trillion Valuation

SpaceX's IPO debut dominated market activity on Friday, opening at $168 per share (22% above its $135 IPO price) and reaching a $2.2 trillion valuation. While major indexes remained relatively flat, Amazon and Microsoft experienced modest declines on above-average volume, suggesting investors rotated funds into SpaceX. Oil prices fell 2% amid optimism over U.S.-Iran peace negotiations.

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