SpaceX shares soared on Friday as trading commenced on the Nasdaq, driving the rocket company’s valuation above $2 trillion. The Elon Musk-led space company’s stock traded 17% higher in midday trading. “This was a successful launch no doubt about it,” said Jay Woods, chief market strategist from Freedom Capital Markets. “The public demand is there so that’s a good thing, but now we’ll wait to see if it can hold that open price or was it an euphoric retail crowd driving it.” SpaceX opened at $150 per share, marking a roughly 11% gain over its $135 IPO price. But that number was off the $175 level initially shown in indications of interest to trading desks.

Full report : SpaceX makes Nasdaq debut at $150 after pricing its shares at $135, giving it a market cap of $1.9 trillion; Elon Musk becomes the world’s first trillionaire.