First-day trading for the aerospace and AI company turned an unprecedented IPO into a $2tn-style market reckoning for public-market readiness.

SpaceX shares jumped, and Musk’s $800B pre-IPO value crossed a trillion, reshaping how investors price “moonshots.”

The IPO priced at $135, surged on Nasdaq and Texas, and immediately rewired how executives think about mega-debuts.

The SpaceX IPO values the company around $1.77T and estimates Musk’s stake at $866.5B, with broad investor ripple effects.

Forced buyers and tracker funds could amplify buying pressure as SpaceX joins the Nasdaq index on a rule tweak.

Trading starts June 12 at $135, but analysts are split over a $72-per-share “option premium” on orbital AI dreams.