SpaceX在纳斯达克证券交易所上市，股价上涨22%至164.80美元。这一里程碑是在创纪录的首次公开募股（IPO）之后实现的，该募股筹集了750亿美元，代表著比以往任何公司在IPO中筹集的资金多出近三倍。这一巨大的资金注入反映了投资者对SpaceX建立太空数据中心计划以及在火星上建立永久人类定居点的最终使命的强烈乐观态度。
然而，此次上市加剧了对Elon Musk近乎绝对控制权的批评。Elon Musk掌握了85.1%的投票权，且由于董事会由其盟友组成，只有在他自己投票解雇自己时，他才能被免去执行长职务。尽管持怀疑态度的投资者和大型公共养老基金批评这些治理条款极端且缺乏监督，但其他人则认为这种结构是该公司「极致负责（extreme ownership）」特质的终极体现。这一哲学引导了SpaceX从2002年的一个小团队成长为拥有超过22,000名员工的霸主级航太实体。
SpaceX仍面临诸多障碍，包括收购了Elon Musk亏损的人工智慧实验室xAI，这使得合并后的公司陷入亏损。此外，抵达火星需要更强大的火箭，而SpaceX目前尚未能稳定运行该火箭。在竞争日益激烈和政府监管日益复杂的背景下，该公司的权力集中意味著如果这些障碍阻碍了SpaceX的宏伟目标，Elon Musk将承担全部责任。
SpaceX debuted on the Nasdaq stock exchange, with shares rising 22 percent to $164.80. This milestone follows a record-breaking initial public offering (IPO) that raised $75 billion, representing nearly three times more capital than any previous company has raised in an IPO. This massive capital injection reflects intense investor optimism regarding SpaceX's plans to build space-based data centers and its ultimate mission of establishing a permanent human settlement on Mars.
However, the listing has intensified criticism of Elon Musk's near-absolute control. Elon Musk commands 85.1 percent of the voting power, and because the board consists of his close allies, he can only be removed if he fires himself. While skeptical investors and large public pension funds criticize these governance terms as extreme and lacking oversight, others argue this structure is the ultimate execution of the company's "extreme ownership" ethos. This philosophy has guided SpaceX's growth from a small team in 2002 to a dominant aerospace entity with over 22,000 employees.
SpaceX still faces hurdles, including the acquisition of Elon Musk's money-losing AI lab xAI, which has rendered the consolidated company unprofitable. Furthermore, reaching Mars requires a more powerful rocket that SpaceX has not yet operated reliably. Amid rising competition and complex government regulations, the company's concentration of power means Elon Musk will bear sole responsibility if these obstacles derail SpaceX's ambitious objectives.