SpaceX's Nasdaq debut on June 12 under ticker SPCX, priced at $135 per share for a roughly $1.77 trillion valuation, has driven overwhelming trader consensus toward a 2.0-2.5 trillion closing market cap. Explosive first-day demand—including over $100 billion in retail orders, rapid trading above $160, and a nearly 20% intraday gain—reflects strong sentiment around Starlink's broadband growth, Starship progress, and Musk's AI-adjacent ventures. This positions the stock well above the IPO target amid record IPO enthusiasm. Potential challenges include post-debut profit-taking, broader market volatility, or delays in projected revenue from satellite or launch contracts that could pressure multiples.