SpaceX shares surged on market debut, pushing valuation to $1.77 trillion as Elon Musk’s firm enters the trillion-dollar club and eyes AI-space expansion.

SpaceX prices the largest IPO in history at $135 per share, targeting a $75 billion raise and a $1.8 trillion valuation as Musk nears trillionaire status.

The rockets-to-AI group priced its 555.6 million shares at $US135 a piece, one day ahead of the highly anticipated Wall Street debut.

SpaceX shares opened at US$150 in Nasdaq, up from its US$135 IPO price per share.