World's First Trillionaire: SpaceX IPO Lifts Elon Musk's Net Worth to Historic Heights

$135 per share, $75 billion raised, 555.56 million shares sold — SpaceX has broken all records for initial public offerings. Elon Musk's company began trading on Nasdaq under the ticker SPCX, securing a spot among the ten most valuable corporations in the United States. Following the IPO, Musk's net worth exceeded $1 trillion, making him the world's first trillionaire.

As reported by CCTV+, SpaceX has priced its initial public offering (IPO) at $135 per share and raised $75 billion by selling approximately 555.56 million shares, US media reported on Thursday. The IPO values the company at approximately $1.77 trillion.

Trading of SpaceX shares on the Nasdaq is expected to begin on Friday. In terms of funds raised, the IPO will set a record for a public offering. Based on the valuation, SpaceX will enter the top ten most valuable companies listed on US exchanges.

SpaceX, founded by American entrepreneur Elon Musk in 2002, is engaged in spacecraft launch services, satellite internet (Starlink) and artificial intelligence. The IPO has attracted significant market attention, and the company's high valuation has also sparked debate among market analysts regarding its profit prospects and the sustainability of its future growth.

The terms of SpaceX's stock market listing break some Wall Street traditions, including setting the IPO price in advance and reserving a relatively high proportion of shares for retail investors. Following the IPO, Musk will retain significant voting control over the company. Given Musk's large stake in SpaceX, the valuation has significantly boosted his net worth, making him the world's first trillionaire.

SpaceX was founded in 2002 by Elon Musk. The company is known for its revolutionary achievements: reusable Falcon 9 and Falcon Heavy rockets, the Starship spacecraft, the Starlink satellite internet system, and contracts with NASA to transport astronauts to the ISS. The previous IPO record was held by Saudi Arabian oil company Saudi Aramco, which raised $29.4 billion in 2019. SpaceX's offering more than doubled that figure.

For 23 years, SpaceX remained a private company that many considered too futuristic for the stock exchange. But when a rocket launches an hour before the market opens and the ticker SPCX begins its move, conventional notions of business take flight. $75 billion in a single day is not just a financial transaction. It is the market's vote for a future where space is no longer the domain of governments alone, and artificial intelligence is no longer confined to laboratories. Elon Musk has balanced on the edge of science fiction and reality for a quarter of a century. Now that edge has disappeared — along with Wall Street's records. And when the world's first trillionaire looks at the stars, he knows the next target is even farther.