NEW YORK, June 13 (Our New York News) — SpaceX’s first day as a Nasdaq-listed company turned a $75 billion stock sale into a public-market valuation above $2 trillion and pushed independent estimates of founder Elon Musk’s net worth past $1 trillion, according to IPO terms, Nasdaq trading data and wealth calculations by Forbes and Bloomberg.
The rocket and satellite company began trading June 12, 2026, under the ticker SPCX. SpaceX priced the offering at $135 a share and raised $75 billion, according to the company’s IPO terms cited in public market reports. Nasdaq trading data showed the stock opened around $150, reached about $176.50 during the session and closed roughly at $161.
Those prices changed the financial picture within hours. The $135 IPO price implied a valuation of about $1.77 trillion to $1.8 trillion. The closing price near $161 implied a market value above $2 trillion. For public investors, the first trading day meant shares closed about 19% above the offering price.
The same market move also reshaped Musk’s paper wealth. Forbes and Bloomberg wealth calculations placed Musk’s total net worth at roughly $1.05 trillion to $1.11 trillion after the debut, making him the first person those wealth indexes have valued above $1 trillion. Forbes calculations put Musk’s SpaceX stake at roughly $688 billion at the IPO price, or about $690 billion when rounded. Estimates based on higher trading prices placed the SpaceX stake higher, from about $766 billion to roughly $800 billion, depending on the price used and whether options were included.
The estimates are not cash holdings. They are tied mainly to stock and options whose value changes with market prices. The first-day move in SPCX therefore increased Musk’s wealth on paper, while also exposing new public shareholders to the same valuation swings.
SpaceX’s public debut gives New York’s financial markets a new mega-cap listing on Nasdaq and gives investors a public price for a company that had remained private since it was established in 2002. Musk said the company was going public to fund plans for satellites, data centers in space and, eventually, a human settlement on Mars, according to an Associated Press account of his statement.
The offering also produced a sharp split between market demand and at least one independent valuation. Morningstar analysts valued SpaceX at about $780 billion and called the IPO “significantly overvalued.” That estimate was less than half the valuation implied by the IPO price and far below the value suggested by the first-day closing price.
The available records do not establish Musk’s exact ownership percentage or voting control after the offering. Public accounts of offering-related materials described a dual-class or special share structure that left Musk with outsized control, but the reported percentages conflict. Because the underlying prospectus or share-count filing was not included in the source material, this article does not state a precise ownership or voting figure.
The same limitation applies to some operating details. The source material available for this article did not include audited financial statements, SEC filings, a final prospectus or New York-specific investor data. It also did not show how the IPO affected SpaceX workers, customers or communities beyond the company’s stated plan to use the proceeds for its satellite, space infrastructure and Mars-related ambitions.
What the market records do show is clear: SpaceX completed a $75 billion IPO, opened above its offering price, closed higher still and ended its first public trading day with a valuation above $2 trillion. Wealth indexes then valued Musk above $1 trillion, with his SpaceX stake alone estimated near $690 billion at the IPO price.
