SpaceX, Elon Musk’s Space Exploration Technologies Corp., debuted on the stock market on Friday, officially landing the founder the status as a “trillionaire.”
Technically, the world’s first “trillionaire.”
A report at Variety said the company debuted at $150 a share, 11% higher than the IPO pricing of $135.
“On Thursday it confirmed the pricing of its IPO of 555.6 million shares of its Class A common stock, at a public offering price of $135.00/share. That gave it a valuation of around $1.77 trillion; the company raised about $75 billion from the IPO,” the report said.
Shares were trading Friday on the Nasdaq Global Select Market and Nasdaq Texas under the symbol “SPCX,” and prices immediately surged past $160.
Before the new market developments, the report said, Musk’s net worth stood at just under $800 billion, in Tesla, SpaceX and other companies.
And the report said Musk’s voting control of SpaceX will be “north of 82%,” although there will be limits on what he can sell for the first year.
The report said, “SpaceX’s debut in the public market comes ahead IPOs expected later this year for two AI heavyweights: Anthropic and OpenAI, both of which recently filed confidential paperwork with the SEC for initial public offerings of their own with dates for those IPOs yet to be announced.”
The IPO valuation was higher than previous high-profile newcomers such as Meta and Amazon.
🚨 BREAKING: Elon Musk speaks from Starbase as SpaceX goes public, with the largest IPO EVER
“If people had told me this was going to happen [years ago], I would be like, man, you must be smoking some REALLY good crack because I think this company is going to fail!” 🤣
“I gave… pic.twitter.com/6GcRp3bsE5
— Nick Sortor (@nicksortor) June 12, 2026
The Daily Mail explained Musk’s “rocket ship company SpaceX blasted off …”
It reported the debut was expected to create 4,000 new millionaires. The stock was trading in the range of $170 about mid-day.
“A lucky inner circle of around 400 employees stand to earn as much as $100 million each – a few dozen could walk away with more than $500 million each,” the report said. “But the biggest winner is without question Musk, who’s poised to be the world’s first trillionaire based on his combined stakes in SpaceX and Tesla.”
Musk reported SpaceX has been cash-flow positive since 2015, but analysts say that’s mostly from the Starlink satellite internet division.
The report includes some startling agenda points: “One eye-watering figure in SpaceX’s filing was the claim that its ‘total addressable market’ was $28.5 trillion – that’s almost 88 percent of the total value of the entire US economy.”
President Gwynne Shotwell said, “‘We are builders, we build our own launch vehicles, we build our launch sites, and we’re building data centers both on the ground as well as in orbit soon.”
