SpaceX IPO surge makes Elon Musk world’s first trillionaire

SpaceX has made a blockbuster entry into public markets, with its shares soaring nearly 20% on debut after what is being described as the largest IPO in history, pushing Elon Musk’s space and tech empire into a new financial milestone.

Shares of Elon Musk’s SpaceX jumped nearly 20% on their trading debut, following what is being described as the largest initial public offering in history, pushing the company’s valuation to unprecedented levels and making Musk the world’s first trillionaire.

The blockbuster IPO reportedly raised over $75 billion, marking one of the most highly anticipated listings in recent years and fueling expectations of a wave of major public offerings from artificial intelligence companies in the near future.

The stock debuted on the Nasdaq in New York, where strong investor demand had already created intense market anticipation in the weeks leading up to the listing. Shares climbed as high as $176, up more than 30% from the offering price of $135, before closing the session at $161.50.

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Speaking at a launch event in Starbase, Texas, Elon Musk said SpaceX’s long-term vision extends far beyond Earth, emphasizing ambitions to reach the Moon and Mars with human missions in the future.

The company priced more than 555 million shares at $135 each, valuing SpaceX at nearly $1.8 trillion ahead of trading. The first-day surge lifted its market capitalization above $2 trillion, placing it among the world’s most valuable companies, ahead of major tech and retail giants.

Founded by Musk in 2002, SpaceX has evolved from a rocket manufacturer into a diversified space and technology conglomerate, including satellite internet operations through Starlink and artificial intelligence ventures linked with xAI.

The listing is also expected to create thousands of new millionaires among current and former employees, many of whom have been part of the company’s nearly 25-year journey.

Despite rapid growth, SpaceX continues to face financial pressures, reporting $18.7 billion in revenue in 2025 but also a net loss of $4.9 billion, largely due to heavy investment in infrastructure and AI capabilities.

The company has projected highly ambitious long-term revenue potential, estimating future earnings could reach into the tens of trillions as it expands into space-based computing, satellite services, and artificial intelligence markets.

However, the record-breaking valuation has also drawn political and public criticism, with some lawmakers questioning widening wealth inequality amid rising economic pressures on ordinary households.