SpaceX Soars in Historic IPO, Making Elon Musk the World's First Trillionaire
Core Summary SpaceX debuted on the Nasdaq on June 12, 2026, surging from its $135 IPO price to as high as $176 before closing at $160.95, a 19% gain. The company’s market cap briefly exceeded $2.3 trillion, pushing founder Elon Musk’s net worth past $1 trillion and making him the world’s first trillionaire. Event Details According to TechCrunch, SpaceX’s IPO raised a record $75 billion, making it the largest initial public offering in U.S. stock market history. The stock jumped to $150 within minutes of trading and peaked at $176 intraday. ...