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

Space Exploration Technologies, better known simply as SpaceX, became a publicly traded company on Friday nearly a quarter of a century after it was founded. The company began trading on the Nasdaq exchange in New York City at $135 a share, valuing SpaceX at nearly $1.8 trillion. By the end of the trading day the company's shares were selling at $160.95, a respectable increase of more than 19 percent. On paper, SpaceX founder Elon Musk became the world's first trillionaire, with his personal stake in the company valued at more than $700 billion. Because of the company's stock options plan, thousands of current and former employees became overnight millionaires . Employees at SpaceX have worked remarkably hard over the last 24 years, and now they will be richly compensated for having done so. Read full article Comments