READ MORE: Overnight millionaires: The SpaceX employees who stand to make a fortune from the company's huge IPOSee more Daily Mail on Google - save us as a Preferred SourceBy BENJAMIN CURRY, US DEPUTY CONSUMER EDITOR Updated: 15:50 BST, 12 June 2026
Trading in shares of Elon Musk’s rocket ship company SpaceX blasted off on Friday, marking the dramatic debut of the biggest initial public offering in history.Late on Thursday, SpaceX priced 555.6 million shares at $135 each - instantly valuing the company at $1.77 trillion dollars, making more valuable than Musk’s side gig, Tesla - and the seventh most-valuable US public company.With around $75 billion in stock being floated on the Nasdaq today, the debut will create 4,000 new millionaires. 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 a piece.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 TeslaIn a livestream before the opening of trade, Musk revealed that SpaceX has been cash-flow positive since around 2015 - but analysts say the only profitable part of the business today is the Starlink satellite internet division.‘SpaceX is the ultimate growth stock. I think this is a company with significant growth potential ahead of it,’ Gabelli Funds portfolio manager John Belton told the Daily Mail.‘It's definitely going to be a long-term story, and I think it will take time for the stock to find its footing in the public markets. But there are a lot of exciting opportunities ahead.’This is a breaking news alert, more to follow…. Elon Musk poised to be the world’s first trillionaire based on his combined stakes in SpaceX and Tesla Trading in shares of Elon Musk’s rocket ship company SpaceX blasted off on Friday, marking the dramatic debut of the biggest initial public offering in history
