It’s SpaceX’s first day on the stock market

Historic IPO: SpaceX’s initial public offering is the biggest in history, raising $75 billion by selling more than 555 million shares at $135 per share, placing its market value at over $1.75 trillion.
Elon Musk’s Influence: Elon Musk is the CEO and chairman of SpaceX, also holding roughly 85% of shareholder voting power.
Future Plans: The funds raised will be used to expand its flagship rocket, satellite communications, and emphasize artificial intelligence.
Orbital AI Plans: SpaceX aims to develop and launch data centers in space along with AI microchips.
Non-Profit Status: Despite the huge valuation, SpaceX is not currently profitable, reporting a net loss of $4.3 billion in the first quarter.
Market Uncertainty: The company faces high levels of uncertainty in strategic execution, market dynamics, and more, especially given Musk’s involvement across other companies.
Rival AI Companies: This IPO marks the beginning of three significant tests for investor interest in AI-related companies including OpenAI and Anthropic.
Speculation on Profitability: Analysts express skepticism about the long-term profitability for AI ventures despite their current high valuations and investment in development.