SpaceX began trading Friday, launching the largest IPO in history and pushing its valuation toward $2 trillion. Shares opened at $150, an 11 percent jump from the $135 IPO price. This surge makes Elon Musk the world's first trillionaire, provided the stock remains above $138 per share.

Goldman Sachs led the offering, which raised $75 billion. This amount exceeds the total raised by every other U.S. IPO over the last two years. While the debut was a success, the company remains a money-losing venture, reporting a loss of more than $4.9 billion last year due to high AI spending.

Revenue grew 33 percent to $18.7 billion last year, supported by reusable rockets and Starlink. This debut sets a precedent for other AI firms like OpenAI and Anthropic, both of which filed for IPOs this month with valuations near $1 trillion. This wave of listings could redefine corporate power in Silicon Valley.

Executives Gwynne Shotwell and Antonio Gracias discussed the company's trajectory, including a potential merger with Tesla. While such a move remains speculative, the listing instantly turned thousands of employees into millionaires and solidified the company's place among the world's largest industrial titans.