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SpaceX's milestone listing on Nasdaq proceeded smoothly, and Wall Street breathed a sigh of relief as it set a new template for dealing with the upcoming massive IPOs of OpenAI and Anthropic later this year. SpaceX's record-breaking listing on Friday was nearly three times larger than the previous largest IPO on American exchanges, but underwriters, exchanges, market makers and other institutions' trading systems successfully handled the processing of millions of customer orders. Looking back at the catastrophic technical issues during Facebook's IPO on its first day of trading in 2012, which left investors and brokers in a several-hour predicament. Morgan Stanley, as the "stabilizing agent" this time around, played a key role in managing the opening process. Citadel Securities stated that SpaceX's listing generated the highest IPO auction retail order activity in history. Nasdaq CEO Friedman stated that all parties cooperated well, were fully prepared and the trading was "flawless."