Elon Musk Climbs to $1 trillion After SpaceX IPO

On a record‑breaking day for the stock market, SpaceX went public on Nasdaq, sending its share price above the $150 offering price and briefly topping $176. The deal, valued at about $2.2 trillion, raised $75 billion for the rocket‑maker and set the stage for Musk’s net worth to exceed $1 trillion, according to Bloomberg.

Musk owns 42 % of SpaceX, giving him unilateral control over the company’s strategy. At close, his SpaceX holdings were valued at $767.1 billion, supplemented by $53.8 billion in options. Combined with Tesla shares and options, his total net worth tallied roughly $1.11 trillion, nearly matching the GDP of several small nations.

The space company’s valuation hinges largely on future earnings and ambitious plans for reusable rockets, Starlink satellite internet, and an AI arm acquired in 2024. Investors welcome the prospect, but the company remains unprofitable, having lost more than $9 billion in 2025 and 2026.

The milestone has sparked debate over wealth inequality. Senators and policy analysts call for a higher taxation of ultra‑high net worth individuals, while critics point to Musk’s concentrated holdings as a potential source of market volatility that could affect pension and index‑fund investors.

SpaceX’s CEO guarantees that the IPO proceeds will fuel “growth around rockets, satellites, and AI,” with a long‑term vision of building a “lunar economy.” Whether that future materialises remains uncertain, but the company’s dramatic market debut sets a new benchmark for private companies entering public markets.