The IPO flips expectations: a rocket company lands among megacaps even while revenue is far smaller.

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

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

Elon Musk’s company is moving faster toward a market debut that could reset expectations for private space valuations and investor demand.

The Elon Musk company set a target price for buyers earlier than expected, putting a giant private valuation in the market’s spotlight.

A fixed $135 IPO roadshow price would put SpaceX at $1.75 trillion, a milestone that reshuffles how founders, boards, and public-market investors compare private and listed giants.