ToplineSpaceX opened trading at $150 on the Nasdaq under the ticker SPCX, following the largest-ever initial public offering that set the stage for Elon Musk to become the world’s first trillionaire.Elon Musk’s aerospace firm will likely shatter records in its trading debut.AFP via Getty ImagesTimelineJUNE 12, 2026SpaceX opened trading just before noon at $150, rising nearly 20% to around $161.75 shortly after its debut. SpaceX executives rang Nasdaq’s opening bell in New York City, and initial projections had SpaceX opening at $175 in what would have been a 30% jump for the stock, according to multiple reports. The debut made Musk the world’s first trillionaire, with his fortune estimated at $1.1 trillion, and SpaceX the seventh-largest firm in the world with a market capitalization of $2.1 trillion, ranking ahead of Broadcom ($1.8 trillion), Saudi Aramco ($1.7 trillion) and Tesla ($1.4 trillion).JUNE 11, 2026SpaceX finalized its IPO price at $135 per share, cementing it as the largest-ever initial public offering and the eighth-largest firm by valuation at $1.77 trillion, ahead of Saudi Aramco ($1.75 trillion) and Tesla ($1.49 trillion). Retail investors have placed orders to purchase more than $100 billion in SpaceX shares ahead of its initial public offering on Friday, Bloomberg reported, citing people familiar with the matter. BlackRock placed an order to purchase at least $5 billion in SpaceX shares, the Wall Street Journal reported earlier on Thursday, noting individual investors had requested more than $70 billion in shares. That order on its own is nearly as much as the entire $5.5 billion AI chipmaker Cerebras raised in its IPO earlier this month—the largest of 2026 so far. SpaceX will disclose its final IPO price on Thursday, setting the stage for its trading debut by Friday morning, though the company has reportedly told banks it would not budge from its $135-per-share price.JUNE 10, 2026Sen. Elizabeth Warren, D-Mass., in a 12-page letter to SEC Commissioner Paul Atkins, requested a delay in SpaceX’s IPO, citing broader concerns about the company’s valuation, governance structure and investor protections. SpaceX’s projected IPO size should justify “careful SEC review,” Warren argued, adding regulators should investigate whether index funds or other financial entities are adequately protecting investors and whether SpaceX has provided enough information explaining its record-setting valuation, allowing investors to better judge if the stock is overpriced. Warren argued SpaceX’s governance structure—Musk controls 85% of SpaceX’s shareholder voting power—gives Musk an “unprecedented level of power” over investors, who Warren said would have “significantly fewer rights than those traditionally offered to purchasers of public shares,” and that the company should disclose any risks related to its governance. Some analysts have criticized Musk’s power over shareholders: Ann Lipton, a law professor at the University of Colorado, Boulder, told the Wall Street Journal that SpaceX is “essentially closing off every possible avenue for shareholders to have any influence at all.”JUNE 9, 2026SpaceX’s IPO has drawn $250 billion in demand from investors, an oversubscription rate nearly four times its planned offering, Reuters reported, citing unnamed sources familiar with the matter.JUNE 3, 2026In an SEC filing, SpaceX disclosed it aimed to sell about 555.6 million shares for $135 per share while raising $75 billion in its initial public offering, potentially valuing the company at a record $1.77 trillion.MAY 20, 2026The SEC publicly disclosed SpaceX’s IPO paperwork, known as an S-1 filing, detailing plans for the company to go public this year. The company valued its addressable market, or the total amount of revenue it could make if it held all possible demand for the products or services it targets, at $28.5 trillion, including an $870 billion market for its broadband business, $740 billion for Starlink’s mobile unit, $600 billion for X’s digital advertising, $2.4 trillion for AI infrastructure and $22.7 trillion for enterprise applications.APRIL 1, 2026SpaceX filed confidential paperwork with the SEC to go public, providing information about shareholder equity and finances to regulators.when will spacex go public?SpaceX will debut on Friday after setting its IPO price on Thursday. what did elon musk say about spacex’s ipo?“It is certainly hard to believe that little company that started in a warehouse in El Segundo is now going public,” said Musk, who celebrated SpaceX’s IPO in Texas on Friday. “It was the largest IPO ever, and let me tell you, if people had told me this was going to happen, I was like, ‘Man, you must be smoking some really good crack, because I think this company is going to fail.’ I gave SpaceX a less-than-10% chance of succeeding at all.”spacex reacts to iranian military threatsSpaceX president Gwynne Shotwell, in response to reports from Iranian state-run media that Iran’s military would target Musk’s assets in the Middle East, said: “I think when you’re doing things that are really different and you’re doing things that are trying to change the world, I think some people and some countries get mad, you know, but we always try to do the right thing. We’ll keep forging ahead.” Shotwell noted that SpaceX has faced threats “at all levels.”where can traders invest in spacex’s ipo?Allocated shares for retail investors will be made available through Charles Schwab, Fidelity, Robinhood, SoFi Technologies and Morgan Stanley’s E*Trade, SpaceX disclosed to the SEC. Fidelity lowered its $100,000 minimum for brokerage accounts required to access IPOs to just $2,000, expanding access for customers to invest in IPOs. The brokerage said customers can alert Fidelity to their interest in purchasing a minimum of 1 share, up to a maximum of 1 million shares. Schwab requires a brokerage account balance of at least $100,000 to invest in an IPO, and neither Robinhood, SoFi nor E*Trade states a minimum account balance is required. spacex’s ipo could swell these fortunesForbes estimates a number of existing billionaires will see their fortunes boosted Friday. Shotwell, who joined the company in 2002 and holds roughly 12 million shares, has an estimated stake worth $1.2 billion. That could increase to $1.6 billion, should SpaceX debut at $135 per share. SpaceX chief financial officer Bret Johnson’s stake, valued at $700 million, could make him a billionaire with a fortune estimated at $1.2 billion at the projected debut share price. Billionaire Valor Equity Partners founder Antonio Gracias, who holds more than 503 million SpaceX shares, could have his $4.8 billion net worth surge by nearly $68 billion. Board member Luke Nosek, a co-founder of PayPal and venture capital firms Founders Fund and Gigafund, was revealed to be a billionaire in SpaceX’s IPO filing. His estimated $2.7 billion stake, totaling nearly 33 million shares, could jump to $4.4 billion. Saudi Arabia’s Prince Alwaleed Bin Talal Alsaud holds a SpaceX stake of about 0.28%, valuing his holdings at roughly $5.1 billion. Oracle’s Larry Ellison has a 0.15% stake, adding another $2.7 billion to his fortune, valued at $229.2 billion as of Friday. Twitter co-founder Jack Dorsey’s 0.14% SpaceX stake will add on an estimated $2.6 billion to his net worth. Tom Mueller, SpaceX employee No. 1, has an estimated stake valued at $1.1 billion. Kimbal Musk, Elon’s youngest brother, has a stake valued at $760 million. Steve Witkoff, who serves as President Donald Trump’s special envoy to the Middle East, has a 0.01% stake valued at $270 million.what do we know about spacex’s finances?SpaceX disclosed a net loss of $4.28 billion through its latest quarter after losing $4.94 billion in 2025. About 69% of the company’s quarterly revenue came from Starlink, which brought in $4.69 billion. SpaceX’s connectivity arm, which includes Starlink, is the only profitable part of the company after its space unit lost $619 million and its AI arm lost $2.5 billion. Capital expenditures totaled $10.1 billion in the quarter, more than doubling from the previous year, with a majority of spending ($7.7 billion) coming from AI. SpaceX spent just over $1 billion for its space business and $1.3 billion for its connectivity business. Last year, SpaceX spent $12.7 billion on AI, compared to $3.8 billion on space.will spacex merge with tesla?Shotwell, in an interview with CNBC, said a deal combining SpaceX with Tesla “might make Elon’s life a little easier.” Shotwell noted there’s “no question that there are synergies between Tesla and SpaceX in our futures,” but said “right now I’m focused on keeping the lights on here.” Speculation that both of Musk’s firms would combine has spread in recent months, and Musk himself reportedly discussed the possibility of a tie-up. WedBush Securities analyst Dan Ives, in an X post last month, said his firm placed odds of 80% or higher for Tesla and SpaceX merging by 2027, writing in a separate note that the “groundwork [was] already in place for both operations to become one organization.”spacex’s ipo may be overvalued, analysts warnMorningstar analysts, in a note earlier this week, projected SpaceX to trade at $63 per share, roughly half of its intended price. The analysts argued SpaceX’s Starlink revenue could realistically hit $129 billion, not the combined $1.6 trillion SpaceX projected from Starlink’s mobile and broadband businesses, and that a disconnect between “hype and fundamentals” indicates traders should wait to invest after the initial offering. “Big Short” investor Michael Burry wrote earlier this month there was “nothing” in SpaceX’s IPO filing to suggest the company is worth $1 trillion, “let alone $2 trillion.” Jay Ritter, a finance professor at the University of Florida, told Forbes that SpaceX’s stock will likely be influenced by the “Elon Musk effect,” as broader hype surrounding its CEO will boost the IPO and then fuel long-term volatility.big numberMore than 4,400. That’s how many current and former SpaceX employees will likely become millionaires from the company’s debut, the New York Times reported, citing analysis from the investment platform Hill.com. About 400 of those are reportedly projected to earn $100 million or more.what did elizabeth warren say in her letter about spacex’s ipo?“The massive size of the SpaceX IPO alone, under normal circumstances, would justify careful SEC review and attention to investor needs,” the Senator said, adding analysts have called the firm’s valuation “nonsensical” and “‘smoke-and-mirrors’ accounting.”“[The] SpaceX IPO creates a new concern: that major stock market indexes are being rigged in a way that would force millions of investors in passive index funds – a generally lower-cost investment option that can be attractive to retail investors – to invest in SpaceX and face exposure to SpaceX’s significant risks with no choice in the matter.” further readingForbesInvestor Demand For SpaceX IPO Tops $250 Billion, Report SaysBy Antonio Pequeño IVForbesOrdinary People Can Soon Invest In OpenAI, Anthropic And SpaceX IPOs: Here’s How—And Why It’s RiskyBy Ty Roush