SpaceX IPO makes Elon Musk first trillionaire as valuation tops $2 trillion
SpaceX went public on the Nasdaq on June 12 2026, pricing its shares at $135 and raising roughly $75‑$86 billion, the largest IPO in history. The stock jumped about 19 % on the first trading day, pushing the company’s market capitalization to a peak of $2‑3 trillion and briefly surpassing Amazon’s valuation. The surge lifted Elon Musk’s paper net‑worth above $1 trillion, making him the world’s first trillionaire. Within a few sessions the shares rose more than 50 % in pre‑market trading, sparking intense market interest and driving the Dow Jones and other indices higher. Analysts noted that the valuation hinges on the success of SpaceX’s Starship launch system and its expanding AI and satellite‑internet businesses, which still face high costs and unproven revenue streams. Binance launched tokenized SpaceX shares (bStocks) and perpetual futures, further fueling trading volume. The company’s stock was slated for inclusion in major indices such as the Nasdaq‑100, FTSE‑Russell and MSCI, adding institutional demand. Despite the hype, experts warned of volatility and warned that the lofty valuation rests on future demand for new space‑based markets.