Elon Musk becomes world’s first trillionaire as SpaceX makes historic stock market debut

Elon Musk has officially become the world’s first trillionaire after his space company, SpaceX, completed a historic public listing that pushed the company’s valuation to unprecedented levels.

The company’s initial public offering (IPO) on Friday marked the largest stock market debut in history, with SpaceX raising about $75 billion by selling shares to investors.

The company priced its shares at $135 per share, giving it an opening valuation of approximately $1.77 trillion.

Shares surged after trading began, climbing to around $150 per share in early market activity, indicating an increase of about 11 percent from the IPO price.

Some early indications had pointed to prices around $160–$170 as demand overwhelmed available shares.

Read also:;Here’s why Chinese investors are banned from SpaceX’s record IPO

The jump in SpaceX’s valuation pushed Musk’s holdings above the trillion-dollar threshold. His wealth has been driven largely by his stake in SpaceX, alongside major holdings in Tesla and other ventures.

Trillion-dollar giant

SpaceX was founded by Musk in 2002 with the ambition of reducing the cost of space travel and eventually making humans a multiplanetary species.

The company grew from an experimental rocket startup into a major force in aerospace, satellite communications and artificial intelligence infrastructure.

Its biggest commercial engine has become Starlink, SpaceX’s satellite internet network, which has transformed the company from a traditional rocket manufacturer into a broader technology platform.

Investors have also been attracted by SpaceX’s role in AI infrastructure, including satellite networks and data capabilities.

Share price jump – What changed?

Before the IPO, SpaceX existed as a private company, meaning ordinary investors could not buy its shares on public markets.

IPO price was at $135 per share, with an early trading price of about $150 per share. This indicates an increase of about 11 percent with company valuation at IPO at about $1.77 trillion. Money raised was at $75 billion.

This increase may appear small compared with some explosive technology IPOs, but because SpaceX entered the market already valued at nearly $2 trillion, even a few percentage points represented tens of billions of dollars in added market value.