SpaceX Just Made Its Market Debut. Here's What Investors Need to Know.

SpaceX completed the largest IPO on record, raising $75 billion with shares priced at $135, opening at $150, and surging over 20% on its first trading day. The company achieved a market valuation exceeding $2.1 trillion. While the IPO attracted significant retail investor participation and SpaceX operates in compelling growth markets (rocket launches, AI, satellite internet), the company faces challenges including substantial capital expenditures ($12 billion in AI alone last year), a $4.9 billion loss, and revenue of only $18 billion compared to trillion-dollar peers like Amazon.