SpaceX went public on Tuesday, pricing its shares at $135 and seeing the stock surge to $164 within minutes of debut on the Nasdaq under ticker SPCX. The offering raised $75 billion, giving founder Elon Musk a 42% stake and enough exercised options to crown him the first trillion‑dollar individual.

$75 billion raised from 556 million shares fuels SpaceX’s next growth phase

According to the filing, SpaceX sold 556 million shares at $135 each, generating $75 billion in new capital. The cash infusion is earmarked for an ambitious expansion of the Starlink satellite constellation and the launch of AI‑focused data centers in orbit, both described by Musk as “massive capital endeavors.”

Investors welcomed the plan, with the opening price of $151.53 quickly climbing to $168.33 before settling around $164, surpassing analysts’ expectations. The rapid rise signals strong market confidence in SpaceX’s dual‑market strategy targeting space transport and artificial intelligence infrastructure.

Elon Musk’s 42% stake and 350 million options make him the world’s first trillionaire

Elon Musk now controls roughly 42% of SpaceX’s equity and holds 350 million stock options exercisable at $8.39 per share, a detail disclosed by the company. When the shares hit $164, Musk’s holdings crossed the $1 trillion threshold, a milestone noted by multiple financial outlets.

David George of Andreessen Horowitz highlighted the significance,calling Musk “the best entrepreneur of our generation” and emphasizing the company’s unique capability to launch a football‑field‑sized Starship, land it back on Earth, and dominate the emerging space‑AI market.

Starlink expansion targets over 100,000 satellites for AI‑driven bandwidth

In a recent interview, Musk projected that SpaceX will eventually deploy “probably over 100,000 satellites” to meet the soaring demand for AI and robotic bandwidth. The satellite network is expected to underpin both global communications and the proposed orbital AI data centers, creating a vertically integrated ecosystem.

The plan aligns with broader industry trends where satellite constellations are being leveraged for low‑latency edge computing,a sector analysts predict could be worth tens of billions within the next decade.

What remains unclear about SpaceX’s AI data‑center ambitions?

While Musk outlined the vision of space‑based AI compute clusters, the report does not disclose the projected cost, timeline, or specific partners for the venture. Additionally, regulatory hurdles for deploying such infrastructure in orbit have not been detailed, leaving investors to wonder how quickly the concept will move from blueprint to reality.

As the company ramps up its satellite rollout, questions also linger about the environmental impact of launching thousands of additional rockets and the long‑term sustainability of orbital debris management .

Nasdaq debut ceremony underscores SpaceX’s cultural shift

SpaceX executives rang the opening bell at the Nasdaq MarketSite in New York, a symbolic moment that marked the firm’s transition from a garage‑origin startup to a publicly traded behemoth. Musk addressed the crowd from SpaceX’s Starbase facility in Texas, reflecting on the company’s journey from a modest warehouse in El Segundo to a global space leader.

According to the report, the opening ceremony was attended by senior leaders from venture capital firms and industry partners , underscoring the broad coalition supporting SpaceX’s next chapter.