13.06.2026 00:50
SpaceX's historic $75 billion IPO on the Nasdaq stock exchange changed global economic history. As the company's market value exceeded $2 trillion, Elon Musk, the boss of Tesla and SpaceX, officially went down in history as the "world's first trillionaire" with a fortune reaching $1.1 trillion.
The history of the world economy has witnessed an unprecedented peak. Elon Musk, the boss of Tesla and SpaceX, officially earned the title of the world's first trillionaire following the historic public offering of his aerospace and space company, SpaceX. With SpaceX's stock market debut, Musk's personal wealth exceeded the $1.1 trillion threshold, setting a new record.
LISTED ON THE STOCK EXCHANGE WITH THE "SPCX" CODE: SURPASSING TESLA
Shares of Space Exploration Technologies Corp (SpaceX) officially began trading on the Nasdaq stock exchange under the code "SPCX." The shares opened at $150 in an initial public offering that investors flocked to.
With this explosive start, SpaceX's total market capitalization exceeded $2 trillion, surpassing even Musk's electric car giant Tesla, valued at $1.5 trillion. With this valuation, SpaceX ranked 7th on the list of the world's most valuable publicly traded companies.
THE BIGGEST IPO IN HISTORY: ARAMCO'S RECORD BECOMES HISTORY
SpaceX, under its IPO, sold 555.6 million Class A shares at $135 per share, raising a massive $75 billion. This figure more than doubled the record of the Saudi oil company Aramco, which raised $29.4 billion in its 2019 IPO, making it the largest IPO in world history. The company's IPO received four times the demand from investors.
ELON MUSK REMAINS THE SOLE CONTROLLER OF THE COMPANY
According to documents submitted to the U.S. Securities and Exchange Commission (SEC), Elon Musk will retain full control even after the IPO. Holding 82.4% of the company's voting rights, Musk will maintain his decisive position in all critical decisions requiring shareholder approval.
While SpaceX President Gwynne Shotwell and Chief Financial Officer Bret Johnsen rang the historic opening bell on Nasdaq, Elon Musk joined the ceremony via video conference from Starbase in Texas. Reflecting on the past, Musk made the following emotional statement:
"It's very hard to believe that SpaceX, which started as a small company in a warehouse in El Segundo, is now being publicly listed. Initially, I was giving SpaceX less than a 10% chance of succeeding."
HUGE REVENUE WILL FLOW TO SPACE AND ARTIFICIAL INTELLIGENCE
SpaceX will use the $75 billion in revenue from this historic IPO for space transportation, satellite internet services, data centers, and artificial intelligence infrastructure. As known, the company recently strengthened its power by merging with Musk's AI venture, xAI.
Although SEC documents revealed that the company lost $4.9 billion in 2025 and $4.28 billion in the first quarter of 2026, investors' confidence in the future was enough to make Musk the world's first trillionaire.
HE SAID HE HAD NO MONEY!
Elon Musk had previously stated that he did not have enough cash, as reflected in media analyses during the Twitter (X) acquisition process. Since the vast majority of Musk's wealth is in stocks, he had complained about having "no cash" or "no liquidity."