TechnologyLimited penetration of Starlink and AI in the region raises questions over lofty valuationIn addition to making two of its flagship products work, SpaceX's future growth also hinges on Asia, a market it has only started to tap. © ReutersYIFAN YUJune 12, 2026 13:47 JSTUpdated on June 13, 2026 05:29 JSTPALO ALTO, California -- Shares in Elon Musk’s SpaceX closed up 19.2% in their first day of trading on Friday on Nasdaq, following a blockbuster IPO that priced its stock at $135 apiece and gave the company a roughly $1.75 trillion valuation. It has also fueled Musk to become the first trillionaire in the world.