New York, June 12 -- Shares of SpaceX surged on their market debut, opening at $150 against an IPO price of $135 and later climbing to $164, propelling the Elon Musk-led company to become the sixth-largest U.S. firm by market capitalisation.

The IPO saw massive interest from both retail and institutional investors as Musk prepares to take the AI battle to space with his ambitious plans to make orbital data centres.

SpaceX raised USD75 billion from the public by selling nearly 556 million shares priced at USD135 at a valuation of USD1.77 trillion. With the public listing, SpaceX has joined an elite club of companies having a valuation of over a trillion dollars. SpaceX also became the maiden US company to list with more than a trillion-d...