SpaceX began trading Friday, rocketing Elon Musk to trillionaire status as the stock opened at $150 per share and climbed to $165 within 30 minutes. The debut valued the rocket company at roughly $1.3 trillion, surpassing earlier projections. Trading kicked off before noon, earlier than typical for mega-IPOs, with investors clamoring for shares despite limited availability.

The company reported $18.7 billion in revenue last year, up 33 percent, though it lost $4.9 billion amid heavy AI spending. SpaceX acquired Musk's xAI startup earlier this year, adding Grok chatbot and social platform X to its portfolio. The Starlink satellite internet service continues serving rural areas, airlines, and military customers worldwide.

However, Musk's track record raises questions. Analysis of 150 SpaceX-related goals found he achieved only 32 percent on time, with 19 percent late or unfulfilled. His annual success rate has declined even as promises multiplied. This matters because investors bid up Tesla's $1.3 trillion valuation largely on future expectations.

More than a dozen leveraged ETFs targeting SpaceX have been filed, attracting Musk fans who've poured billions into similar Tesla funds. These high-risk products amplify returns through borrowing, designed for short-term trading. The surge reflects investor appetite for Musk's vision despite his inconsistent delivery history.