Evercore ISI strategist Julian Emanuel says a SpaceX IPO at $1.77 trillion valuation could push the S&P 500 to 9,000 in a bullish AI-driven scenario.

SpaceX filed its S-1 in April and released its IPO prospectus in May, targeting a $1.8 trillion valuation and $75 billion raise in the largest IPO ever.

Elon Musk's aerospace company raised a whopping $75 billion by selling 555.6 million shares, or about 5% of its stock, in Friday's much-awaited market debut. However, in the weeks…

Evercore ISI strategist Julian Emanuel says a SpaceX IPO at $1.77 trillion valuation could push the S&P 500 to 9,000 in a bullish AI-driven scenario.

CEO Elon Musk said Sunday that the company "might be able to reach approximately" $1 trillion revenue in 2030."