SpaceX valued at $1.77tn in record IPO, Musk on track to become first trillionaire
7 reported
SpaceX executives rang the Nasdaq opening bell on June 12, 2026, after a record-breaking initial public offering that values Elon Musk’s company at $1.77tn. The IPO raised $75bn from investors, making it the largest stock market flotation in history. Shares are expected to begin trading at $175, up from the $135 IPO price, based on prediction markets. If the stock rises 30%, SpaceX would be worth more than $2.4tn. The IPO was reportedly oversubscribed by three or four times, and analysts caution that early price moves may not reflect the long-term investment case. Some analysts predict the listing will draw capital away from other businesses. If Musk becomes the world’s first trillionaire, the article notes it could renew calls for more effective taxes on wealth.
What’s reported
SpaceX executives rang the Nasdaq opening bell on June 12, 2026.
The IPO values SpaceX at $1.77tn and raised a record $75bn.
Shares may start trading at $175, up from the $135 IPO price.
If shares pop 30%, SpaceX would be worth over $2.4tn.
The IPO was reportedly oversubscribed by three or four times.
SpaceX’s market value would make it equal to Broadcom, the sixth most valuable public company.
Nvidia is currently the world’s most valuable public company at around $4.9tn.
Key figures
Elon Musk, CEO of SpaceX
Matt Britzman, senior equity analyst at Hargreaves Lansdown
Kathleen Brooks, research director at XTB
Joel Shulman, CEO of ERShares
Sources: The Guardian
