SpaceX IPO Soars 19% on Record $75B Debut, Musk Hits Trillionaire Status

SpaceX made history on June 12 with the largest initial public offering ever, raising $75 billion and pricing shares at $135. The stock opened at $150 on the Nasdaq under ticker SPCX and closed at $161, up 19% on its first day. The company is now valued at $2.1 trillion, making it one of the world’s largest listed companies. Elon Musk’s combined stakes in SpaceX and Tesla pushed his net worth above $1 trillion, making him the world’s first trillionaire.

Record-Breaking First Day

SpaceX shares opened at $150 and climbed to a high of $176.52 before settling at $161.11, marking a 19% gain from the IPO price. More than 500 million shares traded hands, approaching Facebook’s first-day volume of 580 million shares in 2012. The stock kept rallying in extended trading, adding another $100 billion to the company’s market cap. Analysts noted the real test begins after opening day excitement fades.

Starlink Drives Profitability

SpaceX has been cash-flow positive since 2015, but the only profitable division today is Starlink, the satellite internet service. The company plans to deploy over 100,000 satellites in orbit for communications and build AI data centers in space. Starlink currently operates around 10,500 active satellites across 164 countries. SpaceX raised $75 billion to fund this significant growth phase.

Musk Becomes World’s First Trillionaire

Musk owns close to 40% of SpaceX shares, giving him a stake now worth around $800 billion. Combined with his Tesla holdings and other stakes, his net worth crossed $1 trillion. Investment banks earned $500 million in fees, with Goldman Sachs and Morgan Stanley each taking $100 million. The IPO shattered the previous record, which was more than twice smaller.

Challenges Ahead

SpaceX has accumulated total losses of $41.3 billion since its 2002 founding. The company lost $5 billion last year and $4 billion in the first quarter of 2026. Despite the massive valuation, even SpaceX supporters question whether the business as it stands today justifies a $2 trillion price tag. Investors are betting on future growth from Starlink, AI data centers, and space exploration contracts.

Final Thoughts

SpaceX’s record IPO valued the company at $2.1 trillion and made Musk the world’s first trillionaire. The stock’s 19% first-day surge reflects investor enthusiasm for Starlink and space-based AI infrastructure, but the company’s accumulated $41.3 billion in losses means execution risk remains high.

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