PALO ALTO, California -- Shares in Elon Musk’s SpaceX shot up 11% when the market opened in their market debut on Friday, following a blockbuster IPO that priced its shares at $135 apiece and gave the company a roughly $1.75 trillion valuation.

Both institutional and retail investors have shown great interest in the highly-anticipated historical market debut, but whether SpaceX will be able to justify its lofty valuation is still a question to be answered – largely by its future in Asia.