SpaceX Completes Record $75 Billion IPO, Making Elon Musk World’s First Trillionaire SpaceX’s stock market debut has shattered records and ignited a global debate over extreme wealth, tech ambition, and financial risk, as Elon Musk’s empire vaulted him into history as the world’s first trillionaire.

On June 11, SpaceX confirmed it had priced 555.6 million shares at $135 each, raising $75 billion and officially delivering “the largest IPO in history,” a deal widely expected to make Musk a trillionaire on paper. TechCrunch and others noted that, at this price, the offering eclipsed Saudi Aramco’s 2019 debut and set up a blockbuster listing on Nasdaq under the ticker SPCX.

When trading began on June 12, shares opened at $150 — an 11% “pop” above the IPO price — spiking as high as $167 before settling around $155. By the close, the stock was up about 19%, valuing SpaceX at roughly $2.1 trillion and making Musk “the world’s first trillionaire,” according to multiple financial outlets. Robinhood reported “record-breaking” traffic as retail traders piled in, with about $42 billion of SpaceX stock changing hands in the first hour alone.

In the following days, the rally continued. SpaceX shares gained again on June 15, as the company’s valuation climbed past $2.7 trillion and it briefly became one of the five most valuable companies in the world. Analysts like Oppenheimer initiated coverage with bullish targets implying a market cap of $2.5 trillion or more, citing SpaceX’s ambitions in rockets, satellites, and off-planet AI data centers.

Supporters frame the IPO as a triumph of innovation and broad-based wealth creation. TechCrunch highlighted that “4,400…SpaceX employees…could become millionaires,” from engineers to cafeteria workers. Musk amplified that message on X, reposting a claim that the IPO would “create 4,400 new Millionaires” across the company’s workforce and stories of hourly workers turned millionaires through long-held stock grants.

Critics, however, stress the concentration of power and risk. SpaceX’s own filings show it lost $4.9 billion on more than $18 billion in revenue in 2025, and over $37 billion since inception, even as Musk retains about 85% of the company’s voting control. TechCrunch warned that while the IPO is “great for Elon Musk,” public investors are buying into a company with huge losses, opaque governance and an “eye-popping valuation” premised on unproven markets like space-based AI compute.

As SpaceX moves deeper into public markets, the tension between Musk’s transformational vision and the dangers of outsized wealth and influence now plays out not just in politics and technology, but in the portfolios of millions of new shareholders.

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