World's First Trillionaire! SpaceX Stock Blasts Off in Wall Street Debut, Pushing Elon Musk Past $1 Trillion

Shares of SpaceX soared as much as 30 per cent intraday before closing up roughly 19-20 per cent on their Wall Street debut on Friday, propelling founder and CEO Elon Musk into history as the world's first trillionaire. The stock, trading under the ticker "SPCX" on the Nasdaq, opened at USD 150 and touched a high of USD 176.52 before settling around USD 161 , against an IPO price of USD 135 a share. That valued the company at more than USD 2 trillion , making it the sixth-largest publicly traded firm in the US and placing it alongside Musk's other venture, Tesla , among the world's top ten most valuable companies. Institutional and retail investors snapped up 555.6 million shares , helping the offering raise USD 75 billion , eclipsing Saudi Aramco's 2019 listing to become the largest IPO in Wall Street history.

The debut alone added an estimated USD 180 billion to Musk's fortune. With Musk holding nearly half of SpaceX's stock, his stake is now worth over USD 766 billion ; combined with his Tesla holdings, his total net worth stands at roughly USD 1.05 trillion , according to Forbes , putting him ahead of the next five richest billionaires combined. Musk marked the occasion with a ceremonial bell-ringing broadcast from Starbase , SpaceX's South Texas facility, declaring his ambition to make humanity "multi-planetary." "Not just a few astronauts, I mean literally you," he said. "Whoever you are watching this, SpaceX wants to be able to take you to the moon, take you to Mars and ultimately beyond."

During a livestreamed conversation with JPMorgan Chase's CEO, Musk spoke of "moon hotels," a future Martian colony, and sun-powered orbital data centres, but offered little detail when asked about the future of his chatbot Grok , now part of SpaceX following its absorption of xAI in February. Nasdaq revised its rules to fast-track SpaceX into index funds within 15 days, ensuring rapid exposure for retail investors. The listing comes amid intense AI-driven optimism on Wall Street, the Dow Jones rose about 353 points the same day, helped by signs of a possible US-Iran peace deal and improved consumer sentiment data, even as that conflict entered its fourth month. Goldman Sachs president John Waldron called the IPO a sign of strong investor appetite to fund the broader AI boom, with SpaceX being the first of three "megacap" listings expected this year, ahead of Anthropic and OpenAI .

Not everyone is convinced of the valuation, however. Morningstar analysts called the stock "significantly overvalued," pegging its fair worth closer to USD 780 billion , citing unproven technology and massive capital needs, SpaceX lost USD 8.7 billion between early 2025 and March 2026. Musk built his initial fortune through Zip2 and PayPal , netting about USD 200 million, which he ploughed into SpaceX and Tesla; the latter has returned 20,000 per cent since its 2010 listing. The SpaceX listing also minted thousands of new millionaires and several billionaires among employees, reviving debate over wealth concentration, while pension funds from California and New York have previously objected to the IPO's "super-voting shares" and mandatory arbitration clauses limiting shareholder lawsuits.