SpaceX Surges 30% on Day One. Elon Musk Is Now the World’s First Trillionaire
SpaceX shares surged on their first day of trading Friday, with the stock climbing as much as 30% in midday trading to around $175.50 a…
https://www.iphoneincanada.ca/2026/06/12/spacex-ipo-day-one-elon-musk-trillionaire/
SpaceX shares surged on their first day of trading Friday, with the stock climbing as much as 30% in midday trading to around $175.50 a share, pushing the company's market valuation to roughly $2.3 trillion. The stock opened at $150 US, about 11% above its $135 IPO price, though that was still below the $175 level that had been floated in early indications of interest to trading desks. The IPO officially makes Elon Musk the world's first trillionaire, and is expected to create thousands of new millionaires and multiple new billionaires among SpaceX employees and executives who held equity in the company.
