SpaceX continues its stock market ascent. After the biggest IPO in history, the stock rose sharply again on its 2nd trading day. For Elon Musk, the listing marks more than another triumph: it makes him the first person with a net worth of more than 1 trillion dollars – at least on paper.
The biggest IPO in history
SpaceX has delivered a historic stock market debut. The space and satellite company led by Elon Musk initially raised 75 billion dollars, clearly surpassing the previous record IPO by Saudi Aramco. After the full exercise of the greenshoe option, the total volume reportedly rose to 85.7 billion dollars.
The stock launched on Friday at an issue price of 135 dollars. Its first trading price was set at 150 dollars, and by the end of the 1st trading day, the shares had already reached 161 dollars. On the 2nd trading day, the rally continued: the stock closed about 19.6 percent higher at around 192 dollars.
SpaceX becomes a stock market heavyweight
That immediately propelled SpaceX into the league of America’s most valuable publicly traded companies. Even at the issue price, the company was valued at around 1.77 trillion dollars. With the additional gains, SpaceX moved even closer to the absolute heavyweights of Wall Street.
For investors, however, SpaceX is not just a classic bet on space travel. The company stands for several future markets at once: rocket launches, satellite internet, Starlink, Starship, government contracts – and increasingly also the vision of linking artificial intelligence and infrastructure in space.
Musk remains the center of power
For Elon Musk, the IPO marks a historic leap in wealth. Through his SpaceX shares and his holdings in Tesla, his calculated net worth now exceeds the 1 trillion-dollar mark. However, this is stock-based wealth that depends heavily on market prices and cannot simply be converted into cash.
At the same time, Musk remains the dominant figure at SpaceX despite the IPO. Through shares with enhanced voting rights, he is expected to retain more than 80 percent of voting control. The market is therefore not just buying into a space company, but into an extreme founder bet.
Between euphoria and risk
The IPO success shows just how strong investor appetite remains for new mega-listings. SpaceX is therefore also seen as a test case for potential IPOs by other tech and AI heavyweights such as OpenAI or Anthropic.
But the valuation is enormous. SpaceX represents a future narrative that is fascinating, but expensive. Starship, satellite networks, AI infrastructure and space ambitions consume vast sums of money. The stock market is not only paying for current numbers, but above all for the belief that SpaceX can dominate several key industries at once.
That is exactly where the story becomes explosive: the SpaceX IPO is more than a financial event. It shows how strongly capital markets now merge the future, power and personality cult into a single narrative.
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