SpaceX has officially become a publicly traded company after launching its shares on the Nasdaq stock exchange in the United States. The company raised $75 billion through its Initial Public Offering (IPO), making it the biggest stock market debut ever.
The company, founded by Elon Musk, is known for building rockets, operating the Starlink satellite internet service, and developing artificial intelligence technologies through its related businesses.
Investors showed huge interest in buying SpaceX shares. Before trading even started, analysts predicted the stock could open well above its official IPO price of $135 per share. Some estimates suggested the shares could start trading at around $170 per share.
The strong demand has pushed SpaceX's value above $2 trillion. Because Musk owns more than 80% of the company, the listing could make him the world's first trillionaire.
Speaking from SpaceX headquarters in Texas, Musk said it was hard to believe the company had grown from a small startup into a business with the largest IPO in history. He said he once believed SpaceX had less than a 10% chance of success.
Musk also repeated his long-term goal of making space travel available to more people and eventually sending humans to live on the Moon and Mars.
The IPO is expected to create thousands of new millionaires among current and former SpaceX employees who own company shares.
However, some experts have urged caution. Although SpaceX is one of the world's most valuable companies, it is not currently making a profit. Investors are betting on the company's future growth in space technology, satellite internet, and artificial intelligence.
The stock market debut is also being watched closely because it may influence future public listings by other major AI companies, including OpenAI and Anthropic.
For now, SpaceX's successful launch on the stock market marks a major milestone for the company and for Elon Musk, whose fortune continues to grow as investors place their faith in the future of space and AI technology.
Summary
SpaceX, the space and technology company founded by Elon Musk, has officially started trading on the US stock market. The company raised a record $75 billion in its public share sale, making it the largest IPO in history. The listing could make Elon Musk the world's first trillionaire if the share price remains strong.
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