In September 2017, Elon Musk presented a 39-page PowerPoint at the International Astronautical Congress in Adelaide, Australia, titled 'Making Life Multi-Planetary,' which drew polite applause and skepticism. Nearly nine years later, the largest IPO in human history is set to unfold, with SpaceX—the subject of that very presentation—taking center stage. On the evening of June 12, 2026 (Beijing Time), SpaceX officially listed on NASDAQ under the ticker 'SPCX.' In February of this year, Musk merged xAI with SpaceX, with the former valued at $1.25 trillion post-merger. SpaceX estimates its total addressable market at $28.5 trillion, with $26.5 trillion tied to AI. Secondary market trading platforms indicate SpaceX's recent valuation stands at approximately $1.53 trillion. Musk's base annual salary has remained at $54,080 since 2019, with his true incentives coming from a restricted stock plan: he will receive an additional 1 billion shares if SpaceX achieves a market capitalization exceeding $7.5 trillion and establishes a permanent settlement on Mars with a population of at least 1 million. Musk has publicly pledged that all proceeds from his equity will be exclusively allocated to the Mars colonization initiative, with none taken for personal gain. Tonight, SpaceX's debut on the stock exchange marks a new magnitude of capital commitment to the 'space economy.'