Key facts
- SpaceX's IPO debuted at $150 per share, closing up 19% at $160.95, with a market valuation reaching $2.1 trillion.
- The IPO raised $75 billion, marking the largest initial public offering in history.
- Elon Musk's net worth surged to $1.11 trillion, making him the world's first trillionaire.
- Despite remaining loss-making, SpaceX's stock saw significant investor demand and trading volume.
- SpaceX now ranks as the seventh most valuable listed company globally.
SpaceX's highly anticipated initial public offering saw its valuation soar past $2 trillion on its first day of trading, instantly making it one of the world's most valuable companies and propelling Elon Musk to become the first trillionaire. The stock, trading under the ticker SPCX, opened at $150, an 11% premium to its IPO price of $135, and closed the day up nearly 19% at $160.95. This surge lifted SpaceX's market capitalization to approximately $2.1 trillion, placing it seventh globally behind TSMC and ahead of many major corporations. The blockbuster debut generated significant investor enthusiasm, with over 500 million shares changing hands during regular trading hours and further gains in extended trading. Retail traders were particularly active, making SpaceX the most-bought stock by this group on a net basis. Despite the company reporting a net loss of $4.94 billion on $18.67 billion in revenue for 2025, investors appear focused on its future growth potential in areas like satellite broadband, launch services, and AI-related businesses. Elon Musk's personal fortune reached $1.11 trillion, surpassing the combined wealth of Larry Page, Sergey Brin, Jeff Bezos, and Larry Ellison. The event also sparked discussions about wealth inequality, with figures like Senator Elizabeth Warren commenting on the concentration of wealth, and Zohran Mamdani using Musk's status to advocate for wealth taxes.