Billionaire entrepreneur Elon Musk has become the world’s first trillionaire after shares of SpaceX surged on their debut trading day following the largest initial public offering (IPO) ever recorded.
The company’s shares climbed 11 per cent to $150 on their first day of trading on the Nasdaq exchange, pushing SpaceX’s market valuation to about $2 trillion and significantly boosting Musk’s personal fortune beyond the $1 trillion mark.
SpaceX raised more than $75 billion through the landmark IPO after pricing over 555 million shares at $135 each. The offering, which attracted strong investor demand, is expected to pave the way for a wave of public listings by major artificial intelligence companies in the coming months.
Speaking during the company’s launch event in Starbase, Texas, the new trillionaire Musk reaffirmed his long-term vision of making humanity a multi-planetary species. He said SpaceX aims to transport people to the Moon, Mars and beyond, expressing confidence in the company’s ability to achieve those ambitions.
The successful debut places SpaceX among the ten most valuable publicly traded companies in the United States, surpassing several corporate giants, including Meta and Walmart, in market value.
Founded by Musk in 2002, SpaceX has evolved from a private rocket manufacturer into a sprawling technology conglomerate encompassing satellite internet services through Starlink and artificial intelligence operations under xAI, which also owns the social media platform, X.
Investor enthusiasm remained strong despite concerns about the company’s financial performance. While SpaceX generated revenue of $18.7 billion in 2025, it reported a net loss of $4.9 billion, largely due to heavy investments in artificial intelligence infrastructure and future technologies.
Market analysts say the IPO’s success underscores investors’ confidence in Musk’s ambitious vision, even as many of the company’s long-term goals, including large-scale Mars missions and space-based data centres, remain under development. The offering was reportedly more than four times oversubscribed, reflecting robust institutional and retail demand.
The historic listing is also expected to create thousands of new millionaires among current and former employees, while further cementing Musk’s position as the wealthiest individual in modern history.
