SpaceX Hits $1.96 Trillion Valuation in Record-Breaking Nasdaq Debut

A surge in share price during its Nasdaq debut pushed SpaceX to a staggering $1.96 trillion valuation, marking the largest initial public offering in history. The aerospace giant opened at $150 per share, significantly outperforming its $135 target and signaling a massive appetite for Elon Musk’s ventures.

The debut cements Musk’s standing as the world’s first trillionaire, even as the company grapples with a $5 billion loss reported for the previous fiscal year. Investors are now closely monitoring the so-called 'Musk premium'—a phenomenon previously observed in Tesla’s trajectory—to gauge whether this momentum will sustain the company's place among the world's elite corporate entities.

Wall Street analysts now view this IPO as a definitive benchmark for upcoming mega-listings, particularly for artificial intelligence leaders like Anthropic and OpenAI. With market participants anticipating a rapid inclusion in the Nasdaq 100 index, the successful launch provides a template for future tech giants looking to navigate the public markets under intense scrutiny.