Overview
- SpaceX priced about 555.6 million shares at $135 and raised roughly $750 billion in an offering that began trading on Nasdaq and pushed the company's market value into the multi‑trillion dollar range.
- The share price opened well above the issue price on June 12, lifting Elon Musk's stake enough for multiple outlets to report he has become the world's first trillionaire.
- SpaceX executives said over half of employees bought extra shares totaling nearly $1 billion, producing substantial individual gains for long‑time workers who held stock grants.
- Company leaders signaled expanded commercial plans, including an AI‑focused satellite design called AI1, large cloud/GPU commitments with Google and Anthropic, and deeper collaboration with NVIDIA, while SpaceX did not rule out possible consolidation with Tesla.
- Underwriters and market leaders said the IPO reflects strong investor demand for financing AI and space infrastructure, a dynamic that could accelerate other big tech listings and merger activity and that has prompted renewed political debate over taxing concentrated wealth.