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SpaceX IPO closes up 19%; Musk becomes first trillionaire
Confirmed
What we know
SpaceX began trading on Nasdaq under ticker SPCX on Friday after pricing 555.6 million shares at $135, raising about $75 billion — the largest initial public offering in history, topping Saudi Aramco’s 2019 debut. Shares opened near $150, briefly surged more than 30%, and closed at $160.95, up about 19% from the offer price, for a market value near $2.1 trillion.
The debut made SpaceX CEO and controlling shareholder Elon Musk the world’s first trillionaire on paper, with Forbes estimating his combined SpaceX and Tesla holdings near $1.1 trillion. Musk rang the opening bell from Starbase, Texas, while executives including Gwynne Shotwell joined the ceremony in New York; Goldman Sachs led the underwriting syndicate.
What's confirmed
- SpaceX IPO: ~555.6M shares at $135; ~$75B raised; ticker SPCX on Nasdaq (NBC/AP/SpaceNews).
- First-day close $160.95 (~+19%); market cap ~$2.1T; briefly above $2.25T intraday (NBC/AP/SpaceNews).
- Musk: first trillionaire estimate ~$1.1T via SpaceX + Tesla stakes (AP/Fox Business/Forbes cite).
- Largest IPO on record, ahead of Aramco 2019; Goldman Sachs lead underwriter with major banks (NBC/AP).
What's still developing
- Whether greenshoe option (~83M shares) is exercised and near-term volatility after the debut.
- How SpaceX’s AI/xAI and Starship data-center plans are priced by public markets.
- Timing of follow-on AI IPOs (Anthropic, OpenAI) amid the same capital wave.
Sources
- NBC News — SpaceX stock gains 19% in historic IPO; Musk first trillionaire link
- AP News — SpaceX soars in debut and makes Musk the first trillionaire link
- SpaceNews — SpaceX shares rise nearly 20% in historic IPO link
- Fox Business — Elon Musk becomes world's first trillionaire following SpaceX IPO link