Elon Musk Has Become The World's First Trillionaire And Could Double That Amount
- 12.06.2026, 7:45
Today marks the start of historic trading on the Nasdaq stock exchange.
SpaceX has officially set the price for its shares as part of the largest initial public offering in U.S. history. Elon Musk’s rocket manufacturer is now among the world’s most valuable corporations.
This was reported by Reuters.
On the previous trading day, the price of a single SpaceX share closed at $135. This allowed the company to raise a staggering $75 billion. In total, more than 555 million shares were offered to the market, and the company’s market capitalization now stands at $1.77 trillion.
This is an absolute record, as Musk has surpassed even the oil giant Saudi Aramco. In 2019, the Saudi company raised $25.6 billion, and SpaceX has left that figure far behind. The demand was so massive that the company’s valuation could rise even further over the next month.
What's happening on the stock market today
When trading on the Nasdaq officially begins on Friday, SpaceX will rank seventh among the largest publicly traded companies in the U.S. This surprises analysts because the company was still operating at a loss just last year. However, it was valued higher than JPMorgan Chase or Mark Zuckerberg’s Meta corporation. It even surpassed Musk’s own company, Tesla.
“The real test will be how the market reacts to the IPO over the next few weeks, not just on a single day,” said Adam Sarhan, CEO of 50 Park Investments in New York.
He added that the price was set almost perfectly. Retail investors are actively buying shares, creating the necessary momentum.
How Musk Broke Stock Exchange Traditions
Elon Musk has once again ignored Wall Street traditions and set aside 30% of the shares specifically for small investors. This is an unusually high amount, as banks typically give preference to large funds. Musk also retained total control over the business, and after the IPO, he will hold 82% of the voting rights in SpaceX.
“SpaceX’s pricing is truly in uncharted territory. I’ve never seen a price announced without going through the usual book-building process,” noted Rick Mecler, a partner at Cherry Lane Investments.
Will SpaceX become a “gold mine”?
Currently, Elon Musk’s main source of income is not SpaceX, but the Starlink satellite internet service. It is already operating in 164 countries worldwide. Starlink users include millions of people, businesses, governments, and militaries.
In addition to space, the company is actively developing the artificial intelligence platform xAI. Musk is confident that the combination of space data and computing power will give him a strategic advantage over competitors.
However, not everyone is optimistic. Experts point out the company’s reliance on government contracts.
“Financial forecasts are uncertain due to the company’s dependence on a large number of government contracts. People who buy shares are buying the future and fleeing Earth, not investing in the company,” says Kim Forrest, Chief Investment Officer at Bokeh Capital Partners.
The market is eagerly awaiting today’s trading session. Most IPOs yield returns of 10–15%. If SpaceX shares soar by 50%, it will signal a true frenzy.