SpaceX went public on June 12, and in doing so, rewrote the record books. The company debuted on Nasdaq under the ticker SPCX at $135 per share, raising approximately $75 billion and achieving a valuation between $1.75 trillion and $1.8 trillion.
That makes it the largest IPO in history, dethroning Saudi Aramco’s 2019 offering. It also makes Elon Musk, who holds over 42% of SpaceX shares, something no human has been before: a trillionaire.
The numbers behind the record
Musk’s stake was valued at roughly $866.5 billion at the IPO price alone. Combined with his other holdings, including Tesla, his estimated net worth crossed the $1 trillion threshold. Bloomberg pegged an adjusted figure closer to $988 billion, noting that the final number depends on post-IPO trading performance and lock-up periods that restrict when insiders can actually sell.
The offering was oversubscribed, meaning far more people wanted shares than there were shares available.
