Trillionaire

The highly anticipated event of the first half of the year finally happened: SpaceX (ticker: SPCX) went public via one of the largest and most anticipated IPOs in history on June 12, 2026. Key IPO Details:

(1) IPO Price: Fixed at $135 per share (a “take-it-or-leave-it” price rather than the more common range-and-price-later approach). (2) Shares Offered: Approximately 555.56 million Class A common shares. (3) Amount Raised: Roughly $75 billion, the largest IPO ever by proceeds, surpassing previous records like Saudi Aramco. (4) Valuation: Around $1.75–2 trillion+ at IPO pricing, making it one of the highest-valued companies to debut publicly. The stock opened at $150, surged as much as 30%+ intraday, and closed at $160.95 (up 19% from the IPO price). Since Musk still retains a big percentage of the shares, he has become the first trillionaire in the world, but allegedly, 400 employees of SpaceX have become millionaires thanks to the IPO. The challenge now is to maintain the achieved valuation with $18Bn in revenues and $4Bn in operating losses annually. Musk wants to use the proceeds of the IPO to, among other things, build data centers in space, powered by solar energy, to train the company’s AI models, and perhaps rent the infrastructure to others. The company is now worth more than the combination of all aerospace companies in the world.

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