Musk becomes world’s first trillionaire as SpaceX shares soar
SpaceX’s IPO on Nasdaq raised over US$75 billion, pricing 555 million+ shares at US$135 and valuing the company at just under US$1.8 trillion, according to a Thursday filing. Shares rose to as high as $176 (+31%) and closed at $161.50. The gain pushed market value above US$2 trillion. SpaceX reported 2025 revenue of US$18.7 billion and a net loss of US$4.9 billion.
IPO pricing and first-day trading provide a fresh, tradable reference point for SpaceX’s public-market valuation and liquidity expectations.
SpaceX’s Nasdaq IPO priced 555M+ shares at $135 and the stock jumped to $161.50 on debut, lifting valuation above $2T.
Near-term volatility likely elevated as investors digest the IPO, with follow-through tied to demand for additional shares and early AI/Starlink/xAI read-through.
Background
SpaceX, co-founded by Elon Musk, expanded from rockets into satellites and folded in xAI; it is now debuting publicly after a blockbuster IPO.
Why it matters
The key market impact is the transition from private to public pricing discovery, with first-day performance and oversubscription framing shaping near-term sentiment and positioning for future AI IPOs.
Market relevance
First-day IPO pricing and valuation jump create a new benchmark for investors trading IPO flows and AI/space-linked growth exposure.
Market effects
A high-profile AI/space IPO can intensify investor appetite for AI infrastructure and satellite/space-linked plays, potentially lifting comps and IPO pipeline expectations.
US Nasdaq listing and retail participation narrative may boost broader US growth/IPO sentiment.
If SpaceX’s Starlink/xAI monetization thesis gains traction, it can influence global satellite internet and AI compute investment narratives.
Alternative perspectives
The valuation and revenue claims cited in the filing may be aggressive; early trading could fade if investors focus on losses and execution risk (Mars/data centers) rather than hype.
The article notes short-term AI-compute rental deals (Anthropic/Google) and large net losses; traders may need to watch margin trajectory and customer concentration rather than headline valuation.
Key entities
- companySpaceX
Rocket/satellite/AI conglomerate that priced its IPO and began trading on Nasdaq under ticker SPCX.
- personElon Musk
Co-founder whose public statements and investor appeal are cited as part of the IPO narrative.
- companyxAI
Musk’s AI company mentioned as part of SpaceX’s public-market story and future growth driver.
- product/serviceStarlink
Satellite internet expansion highlighted as a major valuation dependency.
