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Al Jazeera
SpaceX IPO debuts in US markets, Musk becomes world’s first trillionaire
SpaceX has made its debut on US financial markets, achieving a valuation of over $2 trillion on its first trading day. The opening shares were priced at $150, rising to $164.99 shortly after. This event not only cements SpaceX's status as a leading aerospace company but also marks Elon Musk's milestone as the first trillionaire. Despite reporting a loss of nearly $5 billion last year, the company's growth has been largely fueled by its Starlink subsidiary, which accounts for up to 80% of its revenues. Investor interest appears robust, which may set a precedent for future significant IPOs in the tech sector.
Act nowConfidence: HighShort term horizon
Published 12 Jun 2026, 18:20 UTC2 min read
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Summary
TL;DR
- SpaceX debuts on US markets as the sixth largest company.
- Initial share price at $150, increasing to $164.99 shortly after opening.
- Elon Musk becomes the world's first trillionaire.
- 70% of institutional investors involved are long-only investors.
- IPO protestors highlighted concerns about non-consensual deepfake images.
Interesting facts
- SpaceX posted a $5 billion loss last year but is still valued above $2 trillion.
- The IPO is viewed as a significant event for future tech company listings.