SpaceX shares closed at $161 on Friday, up 19% from the $135 target price, according to CNN; the stock opened at $150 under the ticker SPCX after raising $75 billion in the IPO, the largest in history, according to CNBC. More than 500 million shares traded hands, nearing the volume of Facebook’s 2012 IPO.

Elon Musk’s Vision and Financials

Elon Musk and SpaceX President Gwynne Shotwell rang the opening bell remotely from Texas and New York City, respectively. Musk highlighted the company’s cash-flow positivity since 2015 and plans for a significant growth phase, including launching over 100,000 satellites for communications and building AI data centers in space. SpaceX acquired Musk’s startup xAI in February 2026, which includes Grok AI models and the social network X, formerly Twitter.

According to the prospectus. SpaceX has accumulated a total loss of $41.3 billion since its 2002 founding; the company’s only profitable division today is the Starlink satellite internet service; Musk, who became the first trillionaire through his stakes in SpaceX and Tesla, said the IPO aims to raise capital for future projects.

Market Reactions and Broader IPO Trends

Tesla shares rose 1.8% to $406.43 on Friday, giving the electric vehicle maker a market cap of around $1.5 trillion. Meanwhile, the broader market saw gains, with the Dow up about 0.7%, the S&P 500 up 0.5%, and the Nasdaq up 0.3%.

In South Korea, several companies are preparing for IPOs, including precision motion control firm JASTEC and AI-driven autonomous driving software provider StradVision. JASTEC reported $221.56 billion in revenue and an $8.36 billion operating loss in 2023, while StradVision reported $18.19 billion in revenue and a $58.595 billion operating loss for the same period.

In Japan, ride-hailing app GO filed for a listing on the Tokyo Growth Market, raising around $9.7 billion and projecting a $18.64 billion market cap. The IPO attracted a 25 times oversubscription, with U.S. firm BlackRock expressing investment interest.

AI and the IPO Wave

The AI sector is also preparing for a major IPO wave, with Anthropic recently filing for a public offering. The company, founded in 2021 by former OpenAI employees, has a valuation of nearly $1 trillion. Sam Altman, CEO of OpenAI, suggested that no single company will dominate the AI scene. “The world will rightly demand robustness in the system of multiple providers,” he said.

OpenAI itself is also moving toward an IPO, with plans for a public debut later this year. Elon Musk’s SpaceX is expected to join the IPO wave, creating a market shift that could give everyday investors exposure to some of the most valuable private companies in the AI sector.