Elon Musk SpaceX IPO made history on Friday as the billionaire entrepreneur became the world’s first trillionaire following SpaceX’s blockbuster debut on the Nasdaq. The record-breaking public offering raised more than $75 billion and pushed the company’s valuation above $2 trillion, making it one of the most valuable firms in the United States.
The landmark listing has intensified investor excitement around artificial intelligence and space technology, with analysts expecting it to trigger a wave of major tech IPOs in the months ahead.
Shares in Elon Musk’s SpaceX closed almost 20 percent higher on their trading debut Friday after the biggest IPO in history, making the polarizing entrepreneur the world’s first trillionaire as he vowed to take humanity to Mars.
Musk Celebrates Landmark Listing as SpaceX Shares Surge
The debut on the Nasdaq exchange in New York capped weeks of investor frenzy over the rocket company turned AI and satellite conglomerate.
The stock climbed as high as $176, or 31 percent above its offering price of $135, in its first session before ending the day at $161.50.
“SpaceX wants to be able to take you to the Moon, take you to Mars, and ultimately beyond,” Musk said at a launch event in Starbase, Texas, surrounded by staff, many of whom became multi-millionaires with the launch of trading.
“I’m confident at this point that with the incredible team that we have here at SpaceX, that we will do that for you,” Musk added.
About 100 people assembled outside the Nasdaq’s home in New York, where SpaceX also marked the occasion with a neon sign in Times Square.
Musk’s Vision Helps SpaceX Join the $2 Trillion Club
Musk “sets very futuristic goals that no one else is doing, and I think that has got a lot of people excited,” said Sarin Sio, of financial company Dovetail, who had come to the Nasdaq headquarters.
The company priced more than 555 million shares at $135 each in a Thursday filing with the US markets regulator, valuing SpaceX at just under $1.8 trillion.
Friday’s gain lifted SpaceX’s market value to more than $2 trillion, placing it among the 10 most valuable American companies — ahead of Tesla, Facebook-owner Meta and Walmart.
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’s artificial intelligence company — xAI — which includes the social media platform X.
Trading under the ticker symbol “SPCX,” the conglomerate is being closely watched for how Wall Street absorbs the offering and what it will mean for its AI rivals looking to trade on the public markets as early as this year.
OpenAI and Anthropic both recently filed initial documents with regulators.
Despite Polarization, Investors Continue to Back Musk
Friday’s IPO comes just over a year after Musk left President Donald Trump’s administration, following a months-long stint leading the highly contentious “DOGE” effort to slash government spending — while simultaneously juggling his CEO roles at Tesla and SpaceX.
Musk’s backing of Trump and right-wing populists in Europe — and a long list of incendiary comments on X — has seen the entrepreneur go from a broadly admired prodigy to a deeply polarizing figure.
The record IPO is nonetheless a testament to Musk’s continued support among investors, with Bloomberg reporting that the offering was more than four times oversubscribed.
Demand among retail investors — for whom 20 percent of shares were reserved — was also reported to be high.
New billionaires
The IPO is expected to mint thousands of new millionaires and several billionaires, with former and current employees — and a long list of investors — from the company’s near quarter-century history looking to cash in.
The valuation largely depends on Musk delivering on promises worthy of science fiction, including putting data centers in space and humans on Mars using as-yet unproven technology.
A lot also hangs on a huge expansion of SpaceX’s Starlink satellite internet service as well as the success of xAI, the maker of the Grok chatbot and Musk’s rival to OpenAI and Anthropic that has yet to gain traction.
Who are World’s Richest People After Musk’s Trillionaire Milestone
If Elon Musk becomes the world’s first trillionaire following SpaceX’s blockbuster IPO, the ranking of the wealthiest individuals would likely be:
- Larry Ellison — Estimated net worth: around $350–400 billion
- Mark Zuckerberg — Estimated net worth: around $300–350 billion
- Jeff Bezos — Estimated net worth: around $250–300 billion
- Bernard Arnault — Estimated net worth: around $200–250 billion
- Warren Buffett — Estimated net worth: around $150–200 billion
- Larry Page — Estimated net worth: around $150–180 billion
- Sergey Brin — Estimated net worth: around $140–170 billion
- Steve Ballmer — Estimated net worth: around $130–160 billion
- Jensen Huang — Estimated net worth: around $120–150 billion
- Mukesh Ambani — Estimated net worth: around $100–120 billion
As SpaceX’s record-breaking debut reshapes the global wealth rankings and cements Elon Musk’s status as the world’s first trillionaire, the IPO marks more than a financial milestone. It signals growing investor confidence in artificial intelligence, space technology and Musk’s long-term vision of humanity’s future beyond Earth.
Whether SpaceX can deliver on its ambitious promises—from expanding Starlink and advancing AI to establishing a human presence on Mars—will determine whether this historic valuation proves justified. For now, however, the company’s blockbuster market debut has set a new benchmark for both Wall Street and the technology industry.
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