SpaceX shares closed up 19% on its first day of public trading, valuing the company at $2 trillion and marking the largest IPO on record. The mega-cap aerospace play opened to institutional and retail demand amid expectations for expanded Starlink deployment and government infrastructure contracts.
The IPO signals investor appetite for hardware-heavy AI infrastructure plays after a year of LLM funding tightness. Analyst notes from TD Securities anticipate further upside as SpaceX ramps satellite internet capacity, a critical substrate for global AI model deployment and enterprise connectivity.