• SpaceX went public at $135 per share with a $1.78 trillion valuation.
• AI infrastructure is now SpaceX's largest business by revenue.
• The company's launch and Starlink connectivity generated 61% of 2025 revenue.
• SpaceX's track record shows 65.9% of commitments eventually achieved, but only 17.1% on time.

SpaceX's IPO may indicate a shift in investor focus towards AI infrastructure, which could have significant implications for the aerospace industry. The company's valuation suggests a high level of confidence in its ability to deliver on its commitments, but its track record of delays may raise concerns about its ability to meet timelines.