SpaceX Completes Record $75 Billion IPO, Making Elon Musk World’s First Trillionaire SpaceX’s stock market debut has reshaped both Wall Street and global wealth, turning a record-breaking IPO into an immediate test of Elon Musk’s expanding power and investors’ faith in a sci‑fi business plan.

On June 11, SpaceX officially priced 555.6 million shares at $135, raising $75 billion and securing “the largest IPO in history,” eclipsing Saudi Aramco’s 2019 listing. Tech and financial media highlighted the scale of the deal, with the Financial Times calling it “Elon Musk’s SpaceX raises $75bn in world’s biggest IPO.” The next day, trading on Nasdaq under ticker SPCX began at $150 per share, an 11% pop that briefly sent the price as high as $167 and valued SpaceX at more than $2 trillion.

By the close of day one, shares finished around $161, up 19%, valuing the company at roughly $2.1 trillion and making Musk the world’s first trillionaire on paper. TechCrunch noted that “the deal also looks set to make Musk the world’s first trillionaire,” while The Economist’s briefing said the share pop “made its boss, Elon Musk, the world’s first trillionaire.” Retail enthusiasm was intense: one analyst described as “absolutely insane” that the IPO drew “more than $70 BILLION worth of retail orders alone,” nearly enough to fill the entire sale, in a tweet Musk reposted. Robinhood reported “record-breaking” traffic and intermittent disruptions as trading surged.

In the days that followed, SpaceX shares kept rising, logging a second straight gain after the “blockbuster debut.” Oppenheimer initiated coverage with an “Outperform” rating and a $190 price target, implying a $2.5 trillion valuation and arguing SPCX could leverage “terrestrial compute expertise as a bridge” to its space ambitions.

Analysts now debate what investors actually bought. Axios framed the “bull and bear cases,” projecting “hundreds of billions of dollars in revenue by 2030” from Starlink, AI compute and launch services, but warning that Starship is “not a sure bet” and AI compute is ultimately “a commodity.” Ars Technica stressed that SpaceX itself says less than 7% of its value comes from space services like Starlink, with the vast majority tied to providing AI services “mostly from space,” a pivot that could reshape priorities for NASA missions and Mars plans.

Others focus on governance and inequality. The Financial Times reported that bankers convinced investors to “overlook steep losses and hand full control to Elon Musk” in what it called “the biggest IPO in history for SpaceX.” TechCrunch noted Musk holds more than 80% of voting control, letting him hand‑select the board and “severely” limit legal challenges. Critics at The Verge argue that Musk’s trillionaire status comes as he is “more disliked and more powerful than ever,” citing his political interventions and the dismantling of U.S. development agencies.

Supporters counter that the listing spread wealth beyond the executive suite. TechCrunch highlighted that SpaceX’s stock plan could turn “4,400” employees into millionaires, and Musk amplified a post saying the IPO would create new millionaires “from engineers to Cafeteria workers. God bless Capitalism.” Another story celebrated a welder who became a millionaire by steadily buying company stock over a decade, a tale Musk also shared.

Beyond SpaceX, markets see the IPO as a template and turning point. Axios reported that SpaceX and Goldman Sachs began courting investors back in January, using a fixed “take it or leave it” price strategy that Anthropic and OpenAI are likely to copy. A separate Axios analysis warned that SpaceX’s debut is part of “a deluge of new stock” that could tilt supply‑demand dynamics in U.S. equities, even as Goldman Sachs argued record issuance “will not derail the bull market in 2026.”

TechCrunch’s coverage cast the moment as the start of a “hot IPO summer” for AI and deep‑tech, with startups trying to “ride that SpaceX IPO wave” and a new cohort of giants — MANGOS, including Meta/Microsoft, Anthropic, Nvidia, Google, OpenAI and SpaceX — redefining what public tech companies look like. Whether SpaceX ultimately justifies its price‑to‑“cosmos” ratio, as one FT columnist wryly put it, will depend on if Musk can turn a science‑fiction mission statement into sustainable returns for a newly expanded universe of shareholders.

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