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The SpaceX IPO priced at $135 per share and opened for trading at $150 per share.
The rise in SpaceX's stock price on its IPO day made Elon Musk the world's first trillionaire on paper.
Approximately 20% of the SpaceX IPO was allocated to retail investors, with demand from this segment exceeding $100 billion.
There is market speculation that Elon Musk may have SpaceX acquire Tesla.
George Ferguson believes the primary investment thesis for SpaceX is its AI business, which involves placing data centers in orbit.
On a trailing 12-month basis, SpaceX generated approximately $11 billion from connectivity, $4 billion from its space business, and $3 billion from AI.
SpaceX has a deal with Anthropic valued at $1.25 billion per month.
George Ferguson predicts that by the end of 2026, SpaceX's connectivity and AI businesses will each generate $14 billion in annual revenue.
During its IPO roadshow, SpaceX claimed a total addressable market of $29 trillion.
Anthony Hughes believes the 11% gain on the first trade of the SpaceX IPO is a result that most IPOs would hope to achieve.
The SpaceX IPO was initially indicated to open at $175 per share before the indication steadily declined to the actual opening price of $150.
Morgan Stanley served as the stabilization agent for the SpaceX IPO.