Elon Musk Becomes World’s First Trillionaire as SpaceX’s Historic IPO Raises $75 Billion
Elon Musk’s SpaceX achieved a historic milestone on June 12, 2026, with its initial public offering (IPO) on the Nasdaq stock exchange. The IPO raised over $75 billion, marking it as the largest public offering in history. This monumental event not only elevated SpaceX’s valuation to over $2 trillion, but it also made Musk the world’s first trillionaire.
Shares of SpaceX began trading at an opening price of $135 and quickly surged, reaching a high of $176—31% above the offering price—before closing at $161.50. This remarkable debut has intensified investor interest in both artificial intelligence and space technology, prompting analysts to predict a wave of significant tech IPOs in the near future.
Musk Celebrates Landmark Listing as SpaceX Shares Surge
The Nasdaq debut culminated weeks of heightened investor enthusiasm surrounding SpaceX, which has evolved from a rocket company into a conglomerate encompassing artificial intelligence and satellite operations. Musk, who rang the Nasdaq opening bell, expressed confidence in SpaceX’s mission to expand human presence beyond Earth. He stated, “SpaceX wants to be able to take you to the Moon, take you to Mars, and ultimately beyond,” emphasizing the company’s ambitious goals.
Approximately 100 supporters gathered outside the Nasdaq headquarters in New York, where SpaceX celebrated the occasion with a neon sign in Times Square.
Musk’s Vision Helps SpaceX Join the $2 Trillion Club
Musk’s futuristic vision has garnered significant excitement among investors. Sarin Sio, a representative from financial firm Dovetail, noted that Musk sets goals that are unlike those of any other company, which has captivated investor interest. The IPO priced more than 555 million shares at $135 each, valuing SpaceX at nearly $1.8 trillion prior to the trading day. The subsequent rise in stock value propelled SpaceX’s market capitalization to over $2 trillion, placing it among the ten most valuable companies in the United States, ahead of notable firms like Tesla and Meta.
Options for nearly 83 million additional shares could further increase the total raised to over $86 billion. Founded by Musk in 2002, SpaceX has transformed into a key player in satellite operations and has integrated Musk’s artificial intelligence company, xAI, into its portfolio.
Despite Polarization, Investors Continue to Back Musk
This IPO comes just over a year after Musk departed from the Trump administration, where he had led controversial initiatives. His polarizing public persona, characterized by incendiary comments on social media, has shifted perceptions of him from a widely admired innovator to a contentious figure. Nonetheless, the IPO’s success underscores Musk’s sustained support among investors, with reports indicating that the offering was more than four times oversubscribed. Demand from retail investors was also notably high, with 20% of shares reserved for them.
New Billionaires
The IPO is anticipated to create thousands of new millionaires and several billionaires, particularly among former and current employees and investors who have been part of SpaceX’s journey. The company’s valuation hinges on Musk’s ability to fulfill ambitious promises, such as deploying data centers in space and establishing a human presence on Mars. Additionally, the expansion of SpaceX’s Starlink satellite internet service and the success of xAI will be critical for sustaining this valuation.
Who are World’s Richest People After Musk’s Trillionaire Milestone
With Musk’s ascent to trillionaire status, the rankings of the world’s wealthiest individuals are expected to shift significantly. The likely standings are as follows:
- Larry Ellison — Estimated net worth: around $350–400 billion
- Mark Zuckerberg — Estimated net worth: around $300–350 billion
- Jeff Bezos — Estimated net worth: around $250–300 billion
- Bernard Arnault — Estimated net worth: around $200–250 billion
- Warren Buffett — Estimated net worth: around $150–200 billion
- Larry Page — Estimated net worth: around $150–180 billion
- Sergey Brin — Estimated net worth: around $140–170 billion
- Steve Ballmer — Estimated net worth: around $130–160 billion
- Jensen Huang — Estimated net worth: around $120–150 billion
- Mukesh Ambani — Estimated net worth: around $100–120 billion
As SpaceX’s record-setting IPO reshapes global wealth rankings, it also signals increasing investor confidence in sectors such as artificial intelligence and space technology. Whether SpaceX can deliver on its ambitious goals will ultimately determine the sustainability of its historic valuation.
Source: timesofdubai.ae
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Published on 2026-06-13 18:53:00 • By the Editorial Desk
