SpaceX IPO Lands at $1.9T, Making Musk a Trillionaire
SpaceX debuts on Nasdaq at $150 per share, clinching the largest IPO in history and a $1.9 trillion valuation.
SpaceX just pulled off the biggest IPO ever. The rocket company opened trading on the Nasdaq Friday at $150 per share under the ticker SPCX, after pricing at $135. That opening pop handed the company a staggering $1.9 trillion market cap right out of the gate.
The listing also pushed Elon Musk past a milestone nobody has hit before. He's now the world's first trillionaire, a title driven largely by his massive SpaceX stake.
For context, $1.9 trillion puts SpaceX in the same weight class as the most valuable public companies on Earth — and it got there on day one. The gap between its $135 pricing and $150 open signals enormous investor appetite for the commercial spaceflight giant.
No quiet debut here. SpaceX arrived on Wall Street like it launches rockets — fast and loud.