SpaceX Soars 23% in Record $75 Billion Debut as Elon Musk Becomes the World’s First Trillionaire

Shares of SpaceX (NASDAQ:SPCX) are up 23% successful midday trading Friday aft the institution completed the largest IPO successful history. SPCX banal traded adjacent $167, good supra the $150 unfastened and the $135 IPO terms acceptable Thursday night. This ranks among the astir intimately watched NASDAQ debuts successful years.

The SpaceX league has been volatile by immoderate measure. The day's scope stretched from $150 to the precocious $160s, capturing the IPO-day churn analysts had warned astir heading in. About 555.6 cardinal shares were priced astatine $135 each, raising a grounds $75 cardinal astatine an IPO valuation adjacent $1.77 trillion that dwarfs each anterior listing.

The NASDAQ debut besides reshapes the planetary wealthiness leaderboard. With SPCX banal surging, Tesla (NASDAQ:TSLA) CEO Elon Musk is officially the world's archetypal trillionaire.

How Musk's Wealth Crossed $1 Trillion

Musk holds 42% of SpaceX equity and 82% of voting power done Class B shares, a operation laid retired successful the company's S-1 filing. With SPCX trading adjacent $158 astir midday, his SpaceX involvement unsocial is valued astatine astir $869.4 billion.

His astir 717 cardinal Tesla shares are worthy astir $278.2 cardinal astatine astir $388 per share. Combined, the SpaceX and Tesla stakes full astir $1.147 trillion, earlier counting Neuralink, the Boring Company, and different backstage holdings.

The Bear Case Surrounding SPCX Stock

SpaceX gross is driven mostly by Starlink, the outer broadband web reaching paying customers crossed 164 countries. Q1 2026 gross came successful astatine $4,694 cardinal with adjusted EBITDA of $1,127 million. However, SpaceX inactive posted a nonaccomplishment from operations of $1.943 cardinal arsenic superior spending connected Starship, the xAI merger, and orbital AI information centers ramps.

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Governance is different interest for caller SpaceX shareholders. Class B shares transportation 10 votes each versus 1 for Class A, leaving Musk with effectual power of committee creation and astir shareholder votes. SpaceX qualifies arsenic a "controlled company" nether NASDAQ rules and intends to trust connected the corresponding governance exemptions.