![\"\"](\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/06\/Musk-becomes-worlds-first-trillionaire-as-SpaceX-shares-jump.jpeg\" "\\"Musk")
\nSpaceX CEO, Elon Musk, speaks via videolink on the day of SpaceX’s initial public offering (IPO) at the Nasdaq MarketSite in New York City, U.S., on June 12, 2026. (Photo Credit: Reuters)<\/p>\n
\nSpaceX CEO, Elon Musk, speaks via videolink on the day of SpaceX’s initial public offering (IPO) at the Nasdaq MarketSite in New York City, U.S., on June 12, 2026. (Photo Credit: Reuters)<\/p>\n
\t<\/p>\n \t<\/a> \t<\/a> \t<\/a> \t<\/a> \t<\/a> \t<\/a> <\/a> \t\t\t \t<\/a><\/p>\n NEW YORK (TIP): Shares in Elon Musk\u2019s SpaceX jumped 11% to $150 on their first day of trading Friday (June 12, 2026) after the biggest initial public offering in history, making the polarizing entrepreneur the world\u2019s first trillionaire as he vowed to take humanity to Mars.<\/p>\n The blockbuster operation, which raised more than $75 billion, is expected to kick off a series of major IPOs by AI companies in the coming months.<\/p>\n The debut on the Nasdaq exchange in New York capped weeks of investor frenzy over the rocket company turned AI and satellite conglomerate.<\/p>\n \u201cSpaceX wants to be able to take you to the moon, take you to Mars, and ultimately beyond,\u201d Musk said at a launch event in Starbase, Texas, surrounded by staff. \u201cI\u2019m confident at this point that with the incredible team that we have here at SpaceX, we will do that for you,\u201d Mr. Musk added.<\/p>\n About 100 people assembled outside the Nasdaq exchange\u2019s home in New York, where SpaceX also marked the occasion with a neon sign in Times Square reading \u201cBuilding the infrastructure to the future.\u201d<\/p>\n Mr. Musk \u201csets very futuristic goals that no one else is doing, and I think that has got a lot of people excited,\u201d said Sarin Sio, of financial company Dovetail, who had come to the Nasdaq headquarters.<\/p>\n The company priced more than 555 million shares at $135 each in a filing with the U.S. markets regulator on Thursday (June 11), valuing SpaceX at just under $1.8 trillion.<\/p>\n Friday\u2019s gain lifted its market value to around $2 trillion, placing it among the 10 most valuable U.S. companies \u2014 ahead of Tesla, Facebook-owner Meta and Walmart.<\/p>\n Options for nearly 83 million additional shares could push the total raised above $86 billion. Co-founded by Musk in 2002, the rocket startup has since expanded into a major satellite operator and has also folded in Musk\u2019s artificial intelligence company \u2014 xAI \u2014 which includes the social media platform X (formerly Twitter).<\/p>\n Trading under the ticker symbol \u201cSPCX,\u201d the conglomerate is being closely watched for how Wall Street absorbs the offering.<\/p>\n SpaceX is the first out of the gates among leading AI giants eyeing public markets, with OpenAI and Anthropic both recently filing initial documents with regulators.<\/p>\n The IPO comes just over a year after Mr. Musk left President Donald Trump\u2019s administration, following a months-long stint leading the highly contentious \u201cDOGE\u201d effort to slash government spending \u2014 while simultaneously juggling his CEO roles at Tesla and SpaceX.<\/p>\n Mr. Musk\u2019s backing of Trump and right-wing populists in Europe \u2014 and a long list of incendiary comments on X \u2014 has seen the entrepreneur go from a broadly admired prodigy to a deeply polarizing figure.<\/p>\n The record IPO is nonetheless a testament to Mr. Musk\u2019s continued support among investors, with Bloomberg reporting that the offering was more than four times oversubscribed. Demand among retail investors \u2014 for whom 20% of shares were reserved \u2014 was also reported to be high.<\/p>\n The IPO is expected to mint thousands of new millionaires and several billionaires, with former and current employees \u2014 and a long list of investors \u2014 from the company\u2019s near quarter-century history looking to cash in.<\/p>\n The company\u2019s financials are giving some on Wall Street pause, as the valuation largely depends on Mr. Musk delivering on promises worthy of science fiction, including putting data centers in space and humans on Mars using as-yet unproven technology. While SpaceX is growing quickly \u2014 revenue hit $18.7 billion in 2025 \u2014 it is also losing money, producing a net loss of $4.9 billion, mainly on spending to build AI capacity.<\/p>\n In an extraordinary prediction, SpaceX\u2019s filing claims it can pull in more than $28.5 trillion in revenue from its various markets. The milestone makes Musk by far the world\u2019s richest person, his fortune dwarfing that of any other billionaire.<\/p>\n \t<\/p>\n \t<\/a> \t<\/a> \t<\/a> \t<\/a> \t<\/a> \t<\/a> <\/a> \t\t\t \t<\/a><\/p>\n \t
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A lot also hangs on a huge expansion of SpaceX\u2019s Starlink satellite internet service, as well as the success of xAI, the maker of the Grok chatbot and Mr. Musk\u2019s rival to OpenAI and Anthropic that has yet to gain traction.<\/p>\n
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