Stocks to Watch: SpaceX, Paramount

Dow Jones06-13 06:48

By Connor Hart

SpaceX made its public debut Friday in the largest initial public offering ever. The company, which was valued at $1.77 trillion after it sold $75 billion worth of shares a day earlier, ended its first day of trading with a market value of $2.1 trillion, putting it ahead of Broadcom and Tesla to make it the sixth-most valuable public company in the U.S. Shares rise 3.1%, to $165.99, in after-hours trading.

The Justice Department cleared Paramount's $81 billion purchase of Warner Bros. Discovery, removing one hurdle for the entertainment companies' megadeal. Paramount shares rise 3% to $10.79 in post-market trading.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

June 12, 2026 18:48 ET (22:48 GMT)

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