SpaceX IPO 2026: Stock, Valuation, Musk First Trillionaire
SpaceX listed on Nasdaq (ticker: SPCX) on June 12, 2026, raising $75 billion in the largest IPO in history. The company was valued at approximately $1.77 trillion. Elon Musk's net worth crossed $1.1 trillion, making him the world's first trillionaire. Source: CGTN.
The context
SpaceX, the aerospace company that once seemed perpetually destined to remain private, made its public market debut on June 12, 2026, listing on the Nasdaq under the ticker SPCX and raising $75 billion in the largest initial public offering in stock market history. The figure eclipsed the previous record, Saudi Aramco’s 2019 IPO at around $25.6 billion, by nearly three times.
The listing pushed SpaceX’s valuation to approximately $1.77 trillion, placing it among the most valuable companies ever to go public and well above a trillion dollars on day one. The practical consequence was equally historic for its founder: Elon Musk’s estimated net worth crossed $1.1 trillion, making him, by any reasonable measure, the world’s first trillionaire. His wealth combines a large SpaceX stake, the one private asset that had always been the hardest to value from the outside, plus his Tesla equity and other holdings.
The IPO capped a multi-year debate about whether a company with a multi-decade mission to colonise Mars could ever align its culture with the quarterly reporting cycle that public markets demand. Musk had argued publicly for years that going public too early would force SpaceX to prioritise short-term returns over the long-term, capital-intensive bets that define the company. The 2026 decision reflects the maturity of Starlink, now generating billions in annual recurring subscription revenue from tens of millions of subscribers globally, which gives institutional investors a cash-flow model that is far easier to value than “reach Mars by 2030.” The Starship vehicle, having survived its early catastrophic tests to demonstrate orbital capability and begin payload missions, provides a credible second growth engine.
The $75 billion raised goes primarily toward expanding Starlink’s next-generation satellite constellation (Gen 3), accelerating Starship production toward full reusability, and building out the infrastructure for the first crewed Mars missions, currently targeted for the late 2020s.