SpaceX is now a public company valued for its AI potential, so what comes next?

Space Exploration Technologies, or SpaceX, transitioned to a publicly traded company on Friday, marking a significant milestone nearly 25 years after its inception. The company commenced trading on the Nasdaq exchange in New York City at an initial price of $135 per share, establishing a market valuation of approximately $1.8 trillion. By the close of the trading session, SpaceX's stock had appreciated to $160.95 per share, reflecting a gain of over 19 percent. This public offering has positioned SpaceX founder Elon Musk as the world's first trillionaire, with his personal holdings in the company estimated to be worth more than $700 billion. The company's stock options program has also resulted in thousands of current and former employees achieving millionaire status, recognizing their extensive contributions over the past two decades.