FRONTIER · GLOBAL
SpaceX IPO opens at $2 trillion valuation; Elon Musk becomes world's first trillionaire
SpaceX launched its IPO on the Nasdaq at $135/share, raising $75 billion and valuing the company at ~$2 trillion. Stock surged 19% on first day. Musk's combined SpaceX and Tesla holdings now exceed $1 trillion.
WHY IT MATTERS
Historic liquidity event will redirect venture capital away from early-stage AI startups toward space tech and energy infrastructure. BFSI dealmakers and wealth managers will compete for newly minted SpaceX millionaires' assets.
Source: CNBC · 2026-06-12