SpaceX debuted on Nasdaq Friday, opening at $150 and closing at $161.11, a 20% jump that pushed its market value above $2 trillion. The surge vaulted founder Elon Musk into the world’s first trillion‑dollar net‑worth, eclipsing the combined market caps of Walmart and General Motors. The offering became the largest IPO ever recorded. The trade drew global media attention.

The float sold 555 million shares, a little over 4% of outstanding equity, raising roughly $75 billion—more than every U.S. IPO combined in the past two years. Institutional investors bought 77.5% of the allotment, while retail participants claimed about 22.5%, a higher‑than‑usual share of a tech debut. Underwriters included Goldman Sachs, Morgan Stanley and JPMorgan. The pricing strategy emphasized scarcity to drive premium demand.

Funds will service SpaceX debt and bankroll moon‑shot projects, from orbital AI data centers to a lunar factory and crewed Mars missions. The IPO also clears a path for AI firms OpenAI and Anthropic, each valued near $1 trillion, to list alongside SpaceX, potentially reshaping index compositions. Investors now own stakes in a company that posted $18.7 billion revenue but a $4.9 billion loss last year. Analysts warn.