SpaceX IPO makes Elon Musk the world's first trillionaire
SpaceX's stock-market debut lifted the rocket company's valuation past $2 trillion, pushing Elon Musk's net worth above $1 trillion for the first time in history. Investing.com reports the offering raised $75 billion, the largest IPO ever recorded.
SpaceX shares closed their first session on the Nasdaq more than 40% higher, lifting the company's market capitalisation above $2 trillion. According to Investing.com, the offering raised $75 billion, making it the largest initial public offering on record.
Musk's roughly 42% stake in SpaceX, combined with his Tesla and xAI holdings, pushed his total net worth past $1 trillion. Bloomberg data show he is the first individual ever to cross that threshold.
Analysts say the valuation hinges on Starlink continuing to generate sustainable cash flow from its satellite-internet business. JPMorgan and Goldman Sachs called the price aggressive, while pointing to defence contracts and space tourism as the main growth vectors. This is not investment advice.
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