Elon Musk rang the bell for the SpaceX IPO on June 12. The biggest market float didn’t disappoint. Shares jumped nearly 20 per cent on the first day, crowning Musk the world’s first trillionaire. Tens of thousands of Australian retail investors jumped on board, alongside the country’s super funds and billionaire Gina Rinehart. They are all betting on the AI boom. And SpaceX is just the start, with OpenAI and Anthropic also planning to list in the next six months.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
What SpaceX’s reality check means for the AI mega floats
Chanticleer columnist Anthony Macdonald and technology editor Paul Smith on the investment case for SpaceX and whether there’s enough money to go around.






