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Jun 12, 2026
Analyzed by Llama- 4 Scout 17B 16E Instruct

SpaceX IPO Debuts in US Markets, Valued Over $2 Trillion

AI Summary
SpaceX has debuted on US markets with a market valuation of over $2 trillion, making CEO Elon Musk the world's first trillionaire. The company's IPO was valued at $1.77 trillion, with shares opening at $150 per share, a 6.6% increase from the initial offering price.

The Historic IPO

SpaceX has debuted on US markets with a market valuation of over $2 trillion, minting CEO Elon Musk as the world’s first trillionaire.

Shares are set to open on Friday at $150 per share, marking a 6.6 percent increase from the initial public offering (IPO) price, valuing the company at $1.96 trillion putting the aerospace company on track to become the sixth-largest company in the United States.

IPO Details

The company sold $75bn in shares, immediately valuing it at $1.77 trillion.

The IPO was oversubscribed four times higher than was otherwise expected, according to the Reuters News agency.

  • Shares opened at $150 per share, a 6.6% increase from the IPO price
  • Company valued at $1.96 trillion
  • IPO valued at $1.77 trillion

Investor Interest

Of the institutional investors allocated, according to Bloomberg News, as much as 70 percent went to what are called long-only investments — a strategy in which holders buy assets based on the expectation that their value will grow over time — and sovereign wealth funds, including those from Saudi Arabia and Kuwait as well.

The Impact on Elon Musk

The landmark listing cemented Musk’s status as the first trillionaire ever and propelled SpaceX into the ranks of the world’s most valuable companies — even though the firm posted a loss of nearly $5bn last year and generated only a fraction of the revenue brought in by similarly valued tech giants.

The Future Outlook

Exchanges and trading firms are keen to avoid the technical mishaps that marred Meta’s 2012 debut. With SpaceX widely viewed as a dress rehearsal for a new generation of mega-listings, market participants will also be watching for signals on investor appetite ahead of forthcoming IPOs for AI heavyweights Anthropic and OpenAI.