markets

Wall Street just spent the week ricocheting between the macro and the mania.

Elon Musk's SpaceX company has floated on the Nasdaq stock exchange, with shares climbing more than 25% above the opening price. This makes Musk the world's first paper trillionaire, at least by market capitalization.

Space stocks saw a significant drop on Friday. Investors took profits after a strong rally. This occurred on the day of SpaceX's highly anticipated market debut. The Elon Musk-led company achieved a valuation exceeding two trillion dollars. This event has drawn attention to the entire space sector.

Musk becomes first trillionaire as SpaceX debuts on Nasdaq

His unrivalled grip on the public imagination has transmuted into Wall Street gold

3 Dividend Stocks You Can Buy and Hold Forever

Elon Musk's stake in SpaceX is worth more than $766 billion. Combined with his Tesla holdings, Musk's net worth as of Friday is roughly $1.05 trillion.

SpaceX shares soared on Friday as trading commenced on the Nasdaq.

European stocks rally as oil falls on hopes for US-Iran deal Reuters

US stocks pared gains after SpaceX, which made history with the biggest-ever IPO, rose less than some anticipated as it started trading.