SpaceX's stock rose 19% on its first day of trading, with a total market value of $2.1 trillion

According to Gate market data, U.S. stocks closed higher on Friday, with the Dow Jones Industrial Average initially rising by 0.7%, the S&P 500 index up by 0.5%, and the Nasdaq Composite Index increasing by 0.3%. SpaceX (SPCX.O) rose by 19% on its first day of trading, closing at $160.9, with a total market value of $2.1 trillion, making it the sixth largest publicly traded company in the U.S. Other aerospace concept stocks fell, with Virgin Galactic (SPCE.N) dropping over 30% and Rocket Lab (RKLB.O) down over 10%. Arm (ARM.O) rose by 11%, and Intel (INTC.O) increased by 6.5%. The Nasdaq China Golden Dragon Index rose by 0.4%.