Shares surged as much as 30% when trading began today, but the average investor may want to keep their feet on Earth.A billboard welcomes SpaceX on the day of the company's initial public offering at the Nasdaq MarketSite in New York, on Friday.Jeenah Moon / ReutersJune 12, 2026, 6:00 PM EDTBy Yasmin Vossoughian and Emily NgoWelcome to the daily Inside Scoop newsletter. SpaceX founder Elon Musk became a trillionaire today when the company went public. Plus, what a weekend in sports, including Game 5 of the NBA Finals, a UFC event on the White House lawn and the World Cup launching stateside. We are texting with national correspondent Morgan Chesky ahead of the USA vs. Paraguay game. Let’s get into it.Today’s initial public offering for Musk’s SpaceX created out-of-this-world wealth for the tech titan and insiders who’ve been along for the ride. Shares surged as much as 30% in the first few hours of trading, giving the rocket company a market value of more than $2 trillion and making official Musk’s status as the world’s first trillionaire.Just a moment.We are getting your experience ready.
What the SpaceX IPO means for us non-trillionaires
Shares surged as much as 30% when trading began today, but the average investor may want to keep their feet on Earth.
SpaceX IPO valued at $2 trillion with shares up 30% makes Elon Musk the first trillionaire. Private space infrastructure shifts from speculative bet to core enterprise capex category; this IPO will reshape venture and strategic investment flows through the decade.










