SpaceX opened trading at $150 per share on June 12, 2026, following the largest initial public offering (IPO) in history, according to Forbes. The stock rose nearly 20% to $161.75 shortly after its debut, valuing the company at $2.1 trillion and making Elon Musk the world’s first trillionaire, the publication reported.
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### SpaceX IPO Sets Records, Valuation Hits $2.1 Trillion
SpaceX’s IPO, priced at $135 per share, surpassed all previous offerings, with a total valuation of $2.1 trillion, according to Forbes. The company’s market capitalization placed it among the world’s seven largest firms, ahead of Broadcom and Saudi Aramco. The offering, which closed on June 11, 2026, raised $135 billion, with retail investors placing orders exceeding $100 billion, the report stated.
The IPO marked a pivotal moment for the aerospace and telecommunications company, which generated $18.7 billion in revenue in 2025, according to Wikipedia. SpaceX’s Starlink satellite internet service has been a key revenue driver, with the company also developing military satellite systems under its Starshield program.
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### Musk Becomes World’s First Trillionaire
Elon Musk’s net worth surged to $1.1 trillion following the IPO, making him the first person to reach that milestone, Forbes reported. The valuation was based on SpaceX’s $2.1 trillion market capitalization, which surpassed Tesla’s $1.4 trillion valuation. Musk owns 42% of SpaceX’s equity, with 79% voting control, according to Wikipedia.
The IPO’s success came despite regulatory scrutiny. Senator Elizabeth Warren, D-Mass., had urged the Securities and Exchange Commission (SEC) to delay the offering, citing concerns about SpaceX’s governance structure and investor protections. Warren argued that Musk’s 85% voting power granted him “unprecedented control” over shareholders, as reported by Forbes.
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### Investor Demand Surpasses $100 Billion
Retail and institutional investors flooded the IPO, with BlackRock placing an order for at least $5 billion in shares, according to the Wall Street Journal. Individual investors requested over $70 billion in shares, the report said. The demand reflected confidence in SpaceX’s growth potential, driven by its leadership in reusable rocket technology and satellite internet services.
SpaceX’s Falcon 9 rockets have launched an average of three times per week since 2026, with over 650 successful landings and reuses, according to Wikipedia. The company’s Starship program, designed for deep-space missions, remains a focal point of its long-term strategy.
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### Regulatory Concerns and Governance Criticisms
Analysts questioned the fairness of SpaceX’s governance model, with some arguing that Musk’s voting control limits shareholder rights. Ann Lipton, a law professor at the University of Colorado, Boulder, criticized the structure, stating it “gives Musk an unprecedented level of power over investors,” as noted in Forbes.
Despite these concerns, the IPO proceeded, with SpaceX executives ringing the Nasdaq opening bell in New York City.
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