SpaceX’s Record IPO and Musk’s Trillionaire Milestone
- SpaceX raised $75 billion in its IPO, pricing shares at $135 each and opening at $150 on June 12, 2026.
- Elon Musk’s net worth exceeded $1.1 trillion, making him the first verified trillionaire.
- The stock reached an intraday high of $176.45, up over 30% from the IPO price.
- Starlink generated $1.19 billion in Q1 operating profit, while SpaceX’s AI division recorded a $2.47 billion loss.
- Retail investors received a significant allocation of about 22.5% in the IPO.
SpaceX’s IPO marked a historic financial event, surpassing previous records with its massive capital raise and catapulting Elon Musk to unprecedented wealth levels as the first trillionaire.
The company’s debut highlighted strong market interest, with Starlink contributing significantly to profits despite challenges faced by its AI unit.(Source)
