Investing in SpaceX isn’t a bet on the company’s fundamentals, it’s a bet on Elon Musk

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.

Shares were indicated to open around US$175 a share, or about a 30 per cent jump from its US$135 IPO price.

SpaceX's record IPO positions it as a trillion-dollar company, marking a pivotal moment in the market and investor landscape.

Musk owns 85 percent of the controlling shares, so “public” is relative.

SpaceX made a blockbuster debut on the Nasdaq on Friday, with its shares surging 19 per cent and pushing the company's valuation beyond $2 trillion. The rally elevated SpaceX to…