News Summary at 3:30 p.m. EDT

SpaceX surged 24% in its Wall Street debut, sending Elon Musk toward billionaire-status on a path to becoming the first trillionaire, according to AP. Shares opened at $150 and climbed to $168 by about 2:20 p.m. ET, pushing the company's market value to roughly $2.2 trillion. Forbes estimates Musk’s net worth at about $1.2 trillion as investors embraced the breakaway momentum. Musk has said the IPO will fund SpaceX’s ambitions, including satellites, data centers, and a future Mars colony. The $75 billion raised exceeded Saudi Aramco’s 2019 IPO record, underscoring extraordinary investor demand for the SpaceX story.