NEW YORK, June 13 (Our New York News) — SpaceX’s first day as a public company on Nasdaq turned a $75 billion initial public offering into a market valuation above $2 trillion and pushed outside estimates of Elon Musk’s net worth past $1 trillion, according to Nasdaq trading data, SpaceX’s offering terms and wealth estimates from Forbes and Bloomberg.
The debut gives New York’s financial markets a new public space and satellite company to price each day. It also gives public investors exposure to a company long controlled by Musk and private backers. The first trading session showed strong demand, but the record also shows a wide gap between the market price and one independent research firm’s estimate of SpaceX’s value.
SpaceX began trading June 12, 2026, on Nasdaq under the ticker SPCX. The company priced its IPO at $135 a share and raised $75 billion, according to SpaceX’s announced offering terms reflected in the listing and trading activity.
Nasdaq trading data showed the stock opened around $150 a share, above the IPO price. During the session, shares reached about $176.50 before closing at roughly $161. That closing price implied a market value above $2 trillion, based on the share count and public trading price used in market-cap calculations.
Those figures matter for several groups at once: IPO buyers who received shares at $135, public investors who bought after the stock opened higher, earlier private investors whose holdings became easier to value, and Musk, whose SpaceX stake accounts for a large share of his reported wealth.
Forbes and Bloomberg wealth estimates placed Musk’s total net worth in a range of about $1.05 trillion to $1.11 trillion after the debut. Those estimates depend on the value assigned to his SpaceX shares and options, along with other holdings, including Tesla. They are estimates of paper wealth, not cash proceeds.
Musk’s SpaceX stake alone was estimated at roughly $688 billion at the IPO price in Forbes-based calculations cited in market coverage. Other estimates put the stake near $690 billion, while calculations using higher first-day trading prices placed it closer to the mid-$700 billion range or higher. The differences appear to come from timing, share price and whether options are included.
The available record is less clear on Musk’s exact ownership and voting control. Several accounts of offering-related materials described a dual-class or special-share structure that allowed Musk to retain outsized control. But the reported ownership and voting figures conflict, and the underlying prospectus or official share-count document was not included in the research record reviewed for this article. For that reason, this article does not state a single exact control percentage.
The pricing also drew a sharp warning from Morningstar. Analysts at the independent research firm valued SpaceX at about $780 billion and called the IPO “significantly overvalued,” according to AP and PBS summaries of the firm’s analysis. That estimate was less than half of the roughly $1.77 trillion to $1.8 trillion valuation implied by the IPO price and far below the more than $2 trillion value implied by the first-day close.
Musk has said SpaceX is going public now to fund plans for satellites and data centers in space and, ultimately, a human settlement on Mars, according to AP’s account of his statement. SpaceX was established in 2002.
The company’s ceremonial market debut was tied to Nasdaq, though PBS reported Musk marked the start of trading with a bell-ringing from Starbase in South Texas. The financial event was centered in U.S. public markets, where Nasdaq’s trading data set the first public price for shares that had previously been valued through private transactions.
The evidence trail supports three core findings: SpaceX completed a $75 billion IPO at $135 a share; public buyers quickly priced the stock higher, lifting the company above $2 trillion in market value; and wealth indexes using those prices placed Musk above the $1 trillion mark for the first time. The same record also leaves open key questions about the exact mechanics of Musk’s control and the company’s full financial condition because the reviewed materials did not include the official offering prospectus, audited financial statements or a complete share-count filing.
