SpaceX will start trading on Nasdaq under the ticker SPCX later Friday, marking the largest U.S. IPO ever. The offering priced at $135 per share and sold more than 555 million shares, netting roughly $75 billion and valuing the company at $1.77 trillion. The float could push Elon Musk toward the first trillion‑dollar net‑worth.

Investors bought into a firm that posted $18.7 billion in revenue last year, a 33 percent jump, yet recorded a $4.9 billion loss as AI spending surged. The proceeds will fund Starlink expansion, reusable‑rocket development and the newly acquired xAI, whose chatbot Grok and data‑center assets deepen the AI push.

Bankers will spend Friday morning gauging demand to set an opening price that may deviate from the IPO level. A strong debut would reinforce confidence in mega‑cap tech listings and could open the door for other AI unicorns like Anthropic and OpenAI, both eyeing similar public offerings.