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 Desk · · Updated June 18, 2026 · How the Brief is made
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
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.
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.
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.
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.
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