SpaceX IPO Soars 19% on June 14, Musk Becomes First Trillionaire

SpaceX priced its initial public offering at $135 USD per share on June 12, 2026, raising $75 billion in the largest US IPO ever. Shares jumped 19% on debut, closing at $161 USD and valuing the company at $2.1 trillion. Elon Musk’s combined holdings in SpaceX and Tesla now total $1.1 trillion, making him the world’s first trillionaire. The offering signals investor confidence in the company’s satellite, data center, and Mars colonization ambitions.

Record-Breaking Debut on Nasdaq

SpaceX shares opened at $150 USD on June 12, then climbed to $168 USD before settling at $161 USD by close. This 19% gain far exceeds the typical 7% first-day jump for companies going public. The company now ranks as the sixth largest public US firm, surpassing even Musk’s Tesla in market value. Goldman Sachs, Morgan Stanley, and Bank of America led the underwriting syndicate of more than 20 banks.

Why Investors Are Betting on SpaceX

Musk cited the need to fund satellites, orbital data centers, and Mars colonization as reasons for going public. Starlink, SpaceX’s satellite internet division, targets 100 million subscribers and $140 billion in revenue by 2030. Institutional and retail investors showed strong appetite, with demand exceeding four times that of typical major bank offerings. More than 20 percent of shares were reserved for retail buyers.

Musk Becomes World’s First Trillionaire

Musk’s net worth now stands at $1.1 trillion across SpaceX and Tesla holdings, according to Forbes. His SpaceX stake alone surged in value following the debut. Saudi Arabia’s Kingdom Holding saw its SpaceX investment jump to $6.8 billion after the Nasdaq listing. The IPO cements Musk’s position as the world’s wealthiest individual.

What’s Next for SpaceX

SpaceX trades under ticker SPCX on Nasdaq, with a parallel listing on Nasdaq Texas. The company integrated xAI and social media platform X into the offering earlier this year. Analysts note the company is losing billions but investors are betting on future returns from space-based infrastructure. OpenAI and Anthropic are expected to file for public listings soon.

Final Thoughts

SpaceX’s $75 billion IPO and 19% debut gain reflect investor optimism about space-based satellites and data centers, though the company remains unprofitable. With Musk now worth $1.1 trillion, the market is pricing in substantial long-term value creation from Mars ambitions and Starlink expansion.

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