SpaceX Rises 19% in Record $75B IPO Debut

Largest IPO in US history at $75B raised; SpaceX now valued at $2+ trillion; Musk becomes first-ever trillionaire -- a historic financial milestone affecting markets, retirement portfolios, and the space/tech industry broadly. Direct US market impact.

The Morning Brief · June 13, 2026 · Based on reporting by BBC World

SpaceX Inc. closed up 19% Friday on its first day of trading, finishing at $160.65 per share after pricing its IPO at $135. The debut raised $75 billion, surpassing every previous IPO in U.S. history. The company's market capitalization reached $2.2 trillion -- putting it among the ten largest U.S. companies by value.

The listing made CEO Elon Musk the world's first trillionaire, with Bloomberg's wealth index placing his net worth at $1.11 trillion. SpaceX was not added to the S&P 500 at launch, limiting automatic index-fund buying. Retail investors received roughly 20% of available shares. Analysts note that the company's operating profits are driven primarily by its Starlink satellite internet division, not rocket launches.

Sources

BBC World — Elon Musk becomes world's first trillionaire as SpaceX soars in stock market debut
Musk is now worth $1.11tn according to the Bloomberg rich list, while SpaceX listed on the Nasdaq stock exchange with a value of $2.2tn.
Read at BBC World →
Axios — SpaceX shoots 19% higher in first day of trading
SpaceX shares rose 11% in initial trades Friday, placing the company in the top 10 largest companies in the U.S. The $150 price indicates a $1.97 trillion market cap.
Read at Axios →
TechCrunch — SpaceX IPO closes up 19% and delivers the world's first trillionaire
The company made its heavily anticipated debut on Friday, trading higher than its initial $135 IPO price, raising $75 billion in the largest IPO on record.
Read at TechCrunch →
Scientific American — SpaceX's historic IPO ignites the new space race
SpaceX's IPO -- the largest in history -- has out-of-this-world implications for AI, space commerce and extraterrestrial exploration.
Read at Scientific American →

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