Scott Galloway

The debut marks a historic milestone for Elon Musk, whose net worth has now surpassed $1 trillion.

Elon is officially the world's first trillionaire as of this date.

It's also a major moment for the broader market.

After years of waiting for the private market's biggest winners to go public, investors are finally getting their chance with Anthropic and OpenAI expected to follow.

SpaceX is the first in a wave of blockbuster IPOs that could define the next era of the public market.

So, Scott...

Let's get into this.

SpaceX was the IPO price.

The issuance price was $135.

We were all wondering if it would pop as soon as it started trading.

My prediction, you might remember, was that the stock would pop immediately 25% as soon as it started trading.

It immediately seemed like that was the case.

Because we were hearing murmurs that the stock was going to go out at 170, maybe close to 175.

But then as soon as it officially opened, it opened at around $150.

That's an 11% jump.

A success, but not as much of a success as many of us, including myself, predicted.

And now we're discussing this during the trading day on Friday and shares are hovering around 160, moving up to 165.

It's incredibly volatile right now.

Let's just start with your initial reactions.

We can get into the valuation too.