SpaceX Goes Public, Valued at $1.8 Trillion on AI Promise

SpaceX became a publicly traded company on Friday, nearly 25 years after its founding, with shares opening at $135 on the NASDAQ and closing at $160.95, a 19% gain. The IPO valued the company at nearly $1.8 trillion, driven largely by its artificial intelligence potential. Founder Elon Musk became the world's first trillionaire on paper as his personal stake surpassed $700 billion, while thousands of current and former employees became overnight millionaires through the company's stock options plan.