NEW YORK — SpaceX began trading on the Nasdaq on Friday under the ticker SPCX, in an initial public offering that the company priced at 135 per share and raised approximately 135 per share and raised approximately 75 billion. The debut is positioned as the largest IPO on record and is projected to push founder and chief executive Elon Musk past the $1 trillion net worth mark.
The offering values SpaceX at around 1.75trillionto1.8 trillion, significantly increasing the stake held by Musk, who founded the company. The listing marks the company’s transition from a privately held business to a publicly traded one.
As of early trading on June 12, 2026, Musk’s net worth stood at approximately 970 billion to 982 billion, according to major wealth trackers. The SpaceX debut is projected to lift his combined holdings in SpaceX and Tesla beyond 1trillion, potentially reaching 1.1 trillion or higher depending on the opening performance.
The sequence of events recorded so far is as follows:
- SpaceX priced its shares at $135 ahead of listing.
- The company began trading on the Nasdaq under the ticker SPCX on Friday.
- Shares were indicated to open strongly as trading got underway on June 12, 2026.
Confirmed details at the time of publication include:
- The IPO raised approximately $75 billion.
- SpaceX was valued at around 1.75trillionto1.8 trillion.
- Trading was underway, with final confirmation of trillionaire status dependent on sustained market valuation.
- Musk had not yet commented publicly on the development.
According to the source, the milestone has reignited discussions about wealth concentration amid broader economic pressures. The full impact had not yet been confirmed at the time of publication, as markets continued to react.
SpaceX Listing Marks Shift for Musk’s Space Venture
Musk, the South African-born entrepreneur behind SpaceX, Tesla, and xAI, has long been the world’s richest person, according to the source. The IPO represents a shift for SpaceX, which has been known as a private company operating reusable rockets, the Starlink satellite network, and crewed missions.
The source noted that the listing transitions SpaceX from a private operation into a publicly traded company.
This report is based on information released by SpaceX and major wealth trackers.
SA Report News Desk publishes developing news stories based on verified information from official and credible sources. Details may change as new information becomes available.
