SpaceX’s long-awaited stock market debut is here, and investor demand is sky-high.

Elon Musk’s rocket company finalized its IPO price at $135 per share with an implied market cap of $1.8 trillion—a record debut—and demand is reportedly oversubscribed more than four times over. Retail traders have submitted orders for more than $100 billion in shares of the firm, Bloomberg reported.

Still, not everyone is convinced of the company’s value. Morningstar analysts recently projected SpaceX to trade at $63 per share, with Chief Equity Strategist Michael Field calling the valuation “extremely speculative.”

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President Donald Trump canceled strikes on Iran Thursday, claiming Iranian leaders have approved a peace deal to be signed “shortly,” but Tehran has reportedly not yet decided.

In a bid to compete with rival Anthropic, OpenAI is considering slashing its prices on AI tools as both companies expect to go public later this year.

Wealth Entrepreneurship

Elon Musk is on the verge of becoming a trillionaire thanks to SpaceX’s record-breaking IPO price: Forbes now estimates he’s worth $982 billion. Musk isn’t the only person whose fortune soared: Others include a Saudi prince, Twitter’s cofounder and several SpaceX board members and executives, including the company’s longtime chief financial officer Bret Johnsen, who is now a billionaire.

Iran added Elon Musk’s........

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