SpaceX is now a public company valued for its AI potential, so what comes next?

Article excerpt

SpaceX went public Friday on Nasdaq at $135 per share, closing at $160.95 and valuing the company at nearly $1.8 trillion, a 19 percent pop on day one. The IPO makes Elon Musk the world's first trillionaire on paper. But the valuation raises a question: investors are pricing in SpaceX's AI ambitions as much as its proven rocket business. What happens if those bets don't pan out, and what's the company's next act as a public entity?