The jump in price turned Musk into the world's first trillionaire and sent the company's market capitalisation above $2 trillion.

Proceeds from the fresh issue worth Rs 250 crore will be utilised by the company to repay its debt, while Rs 650 crore will go towards repaying debt of its subsidiaries and general corporate purposes.

Elon Musk is now worth more than the world’s next four richest people combined.

Elon Musk is now worth more than the world’s next four richest people combined.

Amid rhetoric, market uncertainty and tit-for-tat exchanges, the two sides are still trying to find a way out of the impasse

Great news! Donald Trump has said the US and Iran are on the verge of a peace agreement. Oil prices are down, and the stock market is up. This comes only hours after Trump warned Iran was about to be struck “VERY HARD”, a threat that had sent oil prices up and stocks down.

It has been another ride on the Trump rollercoaster, keeping traders on edge, most of the world poorer, and people of the Middle East constantly whiplashing between fear and hope. But whether the ride veers up or down, the management always makes money.

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© Photograph: Kent Nishimura/AFP/Getty Images

© Photograph: Kent Nishimura/AFP/Getty Images

© Photograph: Kent Nishimura/AFP/Getty Images

The stock hit a first-day high of $176.52, making SpaceX the sixth most valuable U.S.-listed company

Minutes after the first trade, SpaceX shares soared further, rising 20% above the IPO price to $162 apiece on the Nasdaq.

The University of Michigan index climbed to 48.9 from a record low 44.8 in May, but inflation expectations remain well above pre-war levels

Solar supplied 12.8% of U.S. electricity in May while coal fell to 12.2%, its fourth-lowest monthly share ever

The industrial conglomerate signaled at its investor day that deals above $4 billion, such as a takeover of Ralliant, are off the table for now

Iran's state media published a draft agreement that would reopen the vital shipping lane within 30 days of a final deal being signed

The Long Beach-based space company will officially join the index on June 22, placing it alongside Nvidia, Apple, and Microsoft

JPMorgan data show hedge funds cut positions in the biggest U.S. tech names, with some adding bearish bets, just before SpaceX began trading Friday

SpaceX stock opened at $150 a share on Friday, pushing Musk's net worth past $1 trillion for the first time in history

Other large asset managers submitted similarly sized orders, while individual investors requested well over $70 billion in SpaceX stock

These companies, which filed their preliminary IPO papers between February and March, obtained SEBI's observation during June 11-12.

The rocket maker's $75 billion offering — the largest IPO in history — hits the Nasdaq as oil prices fall on reports of a U.S.-Iran agreement

Adobe beat Wall Street estimates and raised its full-year outlook, but investors focused on the departure of finance chief Dan Durn

The SEBI data highlighted a continuing tug-of-war between domestic and foreign institutional investors.

The homebuilder now expects to deliver 82,000 to 83,000 homes in 2026, down from a prior target of about 85,000