SpaceX completed the largest initial public offering in history, raising $75 billion and debuting on the Nasdaq with shares surging 19% on the first day to close near $161, valuing the company north of $2 trillion, according to market data cited by Zero Hedge and Motley Fool.
The milestone marks a dramatic shift from rocket launches to space-based infrastructure, with the company positioning itself as a key player in the emerging orbital data-center race. Bloomberg reported that South Korea's financial watchdog has expanded an inspection of Mirae Asset Securities over its failure to secure an allocation of SpaceX shares.
J.P. Morgan served as lead bookrunner on the transaction, Zero Hedge noted, while Motley Fool reported that the IPO has sparked debate among Wall Street analysts about whether the AI boom is a bubble. The firm's Bitcoin treasury was also disclosed in the offering, according to Crypto Briefing.
The commercial launch of Starship, combined with SpaceX's Starlink satellite network and falling launch costs, positions the company at the center of next-generation AI compute in low Earth orbit. Zero Hedge characterized the thesis as moving "from speculative to investable."
Motley Fool noted that both sides of the AI-bubble debate have valid points, with hundreds of billions in AI spending colliding with SpaceX's public debut. Regulators in South Korea are reviewing brokerage allocations, suggesting the IPO's ripple effects extend well beyond markets.