Elon Musk’s SpaceX kicked off its long‑awaited IPO Friday, the largest ever, raising $75 billion by selling 555.6 million shares at $135 each. The offering, trading under SPCX, could crown Musk the world’s first trillionaire. Investors watch the debut as a litmus test for upcoming mega‑IPOs from AI firms like OpenAI and Anthropic. The deal eclipses previous records set by Saudi Aramco and other tech listings.

U.S. stock futures edged higher as global indexes climbed, but AI‑related stocks slipped, suggesting traders are reallocating capital toward the SpaceX float. The rocket maker derives most revenue from its Starlink satellite internet service and is nurturing a nascent AI division. Investors also note the IPO could set a valuation benchmark for satellite broadband. The IPO’s timing arrives amid inflation concerns.

Dow futures held steady while oil prices fell, with Brent below $87 a barrel after diplomatic overtures with Iran. Analysts expect the SpaceX debut to set the tone for capital flows into high‑growth tech sectors. Regardless of opening price, the offering will lock in billions of dollars for Musk’s expansion plans, immediately reshaping the investment landscape.