SpaceX IPO: Elon Musk Becomes World’s First Trillionaire
SpaceX became the world’s seventh most valuable company after completing the largest IPO in history on the Nasdaq, reaching a market valuation of $2.104 trillion. According to Reuters, the listing made CEO Elon Musk the first trillionaire in history, with a personal fortune exceeding $1 trillion.
How did SpaceX’s first day of trading perform?
The stock closed its first trading day on Friday at $160.95 per share. It started the day at $150 and hit a peak of $176.5 before settling. This surge added $339 billion to the company’s market value in a single session, according to E24.
Before trading began, the IPO process had valued the company at $1.77 trillion based on a share price of $135. The final market cap of $2.104 trillion places SpaceX behind only Nvidia, Alphabet, Apple, Microsoft, Amazon, and TSMC.
Why is Elon Musk now a trillionaire?
Musk’s wealth crossed the $1 trillion threshold following the public listing of his aerospace company, per Reuters. The IPO allowed SpaceX to raise $75 billion on the Nasdaq, a hub for major technology firms.
During a video appearance for the bell-ringing ceremony, Musk recalled the company’s humble beginnings in a warehouse in El Segundo. He admitted he once believed the company would fail, stating on X that if someone had predicted this success, he would’ve thought they were “smoking some really strong crack.”
What are the risks and controversies surrounding the listing?
The market enthusiasm didn’t reach everyone. Protesters gathered at Times Square in New York on Friday, focusing their criticism on Grok, Musk’s AI model. The protests coincided with the IPO celebration led by COO Gwynne Shotwell.
Investor sentiment is split. While retail demand is high, some analysts have issued warnings against the stock. Retail brokers saw a massive influx of interest; Nordnet reported 15,000 trades within the first 45 minutes of opening. Else Sundfør, a savings economist at Nordnet, noted that buyers were “buying with both hands,” though some traders sold quickly to lock in short-term gains.
Where is SpaceX heading next?
The company’s roadmap extends far beyond Earth’s orbit. In his opening speech on Friday, Musk stated that SpaceX aims to take humans to the Moon, Mars, and eventually deeper into space.
The company is diversifying its portfolio into several high-tech sectors:
- Interplanetary Travel: Continued development of the Starship rocket for Mars colonization.
- Satellite Infrastructure: Expansion of the Starlink network.
- Space-Based Computing: Plans to build AI data centers in outer space.
- Integrated AI: Deepening the connection between xAI, Grok, and SpaceX operations.
Price Performance Comparison
| Metric | IPO/Pre-Trade | Day 1 Peak | Day 1 Close |
|---|---|---|---|
| Share Price | $135 | $176.50 | $160.95 |
| Company Valuation | $1.77 Trillion | N/A | $2.104 Trillion |
Frequently Asked Questions
How much is SpaceX worth now?
SpaceX is valued at over $2.104 trillion following its first day of trading on the Nasdaq.
Who is the first trillionaire?
According to Reuters, Elon Musk became the first trillionaire after the SpaceX IPO.
Is SpaceX profitable?
No. E24 reports that the company had a deficit of approximately $5 billion in 2025.
What are the main goals of SpaceX?
The company aims to colonize Mars, reach the Moon, and establish AI data centers in space.
What do you think about the SpaceX valuation?
Is the company’s move into space-based AI a genuine leap forward or just market hype? Let us know your thoughts in the comments below or subscribe to our newsletter for more deep dives into the space economy.