
SpaceX's Historic IPO Sparks Sky-High Valuation, Then a Market Pullback
SpaceX closed its historic IPO with about $75 billion raised (potentially $86 billion including greenshoe), valuing the company around $2.2 trillion and making Elon Musk the world's first trillionaire; however the stock pulled back from its debut, dropping as much as 16% before a modest rebound, as investors weigh the company’s heavy spending, debt load and AI bets, including a merged xAI unit and a $60 billion Cursor acquisition, plus a $25 billion bond sale and looming lockups that could pressure shares later.












