Mission Control: Floating In SpaceX’s Record-Breaking Orbit

SpaceX completed the largest IPO ever, raising $75 billion at a $2.1 trillion valuation. The stock surged 19% on day one and continued climbing in premarket trading. The company's merger with xAI has shifted market perception from aerospace infrastructure to space-based AI compute. However, analysts are divided on valuation, with NewStreet Research targeting $165 versus Morningstar's $63 price target. The IPO is expected to create a 'gravitational pull' effect, boosting valuations across the aerospace sector.