Keep pulling the thread on Elon Musk.
SpaceX's shares began trading at $150 per share in its Initial Public Offering on the Nasdaq.
SpaceX raised $75 billion in its Initial Public Offering, making Elon Musk the first trillionaire in history.
Following its IPO, SpaceX achieved a market capitalization of approximately $2.27 trillion.
SpaceX's IPO was marketed to investors with the narrative of a total addressable market close to $30 trillion.
SpaceX's IPO is the biggest in history based on the volume of cash raised.
Evercore ISI projects that SpaceX could potentially reach $1 trillion in sales just after the end of the decade, predicated on its artificial intelligence business.
Some investors believe a merger between SpaceX and Tesla is imminent, while others expect it might happen in 2027 or 2028.
SpaceX's launch business has achieved a near-monopoly status in the market.
Elon Musk has 84% voting power in SpaceX and is subject to a 366-day lockup period for his shares.
Ross Gerber believes a merger between Tesla and SpaceX is a foregone conclusion.
Ross Gerber argues that Tesla is worthless if it does not merge with SpaceX because it does not own the IP for the 'brains' of its Full Self-Driving technology, which is held by XAI.
Following its public debut, SpaceX's valuation of around $2.2 trillion is higher than that of Meta, Tesla, and Saudi Aramco.