SpaceX opens 11% higher at $150 a share and makes Musk the first trillionaire
Posted June 12, 2026 8:14 am
NEW YORK — SpaceX jumped 11% as the rocket maker’s stock opened for trading. That price gives the company a market value of $1.96 trillion and is enough to make CEO Elon Musk the first-ever trillionaire.
Institutional and retail investors jumped at the opportunity to buy 555.6 million shares of SpaceX at the offering price of $135 apiece, making it the biggest IPO in history with proceeds of $75 billion.
Musk says the company is going public because it needs money to fund its ambitions of putting satellites and data centers in space and eventually establishing a colony of people on Mars.