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

The SPCX listing breaks records, but Japanese household investors quietly took a meaningful chunk of the biggest payday ever.

The IPO lands on Nasdaq as critics question Musk’s near-absolute ownership, and the filings force boards to look hard.

A $12B funding round values the physical AI startup at $41B, aiming to automate heavy engineering and drug design.

SpaceX moves from rumor to price point: $135 per share signals a new bar for private-market exits and public-market gravity.

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

A small modular nuclear startup cleared the self-sustaining line. Regulators and investors now shift to the next proof point.

SpaceX wants to raise up to $75bn at $135 a share, but critics say the fixed-price deal may leave buyers overpaying before book building even starts.

The filing fixes SpaceX at 555.6 million shares at $135 apiece, while Musk still controls 82.4% of voting power and public buyers get a sliver of the float.