SpaceX shares soared 18% in their Nasdaq debut on Friday, valuing the company at over $200 billion. This surge in stock price pushed Elon Musk’s net worth above $1 trillion, a landmark achievement for the entrepreneur. Despite remaining unprofitable and having relatively modest revenue, SpaceX successfully attracted investor confidence. The company’s success is attributed to its ability to market ambitious, long-term projects envisioned by Musk. The initial public offering demonstrates strong market belief in SpaceX’s future potential, despite current financial realities. This valuation places SpaceX among the most valuable private companies globally.