SpaceX began trading on the Nasdaq on Friday, June 12, 2026, in what is expected to be the largest stock market debut in history. The company’s shares, trading under the symbol “SPCX,” opened at $150 and reached a high of $176.50 before closing at approximately $161. The initial public offering (IPO) raised $75 billion from investors at an offering price of $135 per share. This debut made CEO Elon Musk the world’s first trillionaire, with various outlets providing different net worth estimates: Bloomberg reported his wealth at $1.11 trillion, Forbes estimated it at $1.1 trillion, and CBS News calculated it at $1.005 trillion. The IPO gave SpaceX a market value of approximately $2.18 trillion, though specific estimates vary. While the company’s shares soared, analysts at Morningstar stated the IPO is “significantly overvalued” due to unproven technology and massive capital needs, estimating the company is worth only $780 billion. Despite these concerns, the listing is viewed as a test case for other private companies like Anthropic and OpenAI, which are also preparing to go public this year. Musk stated that the company is going public to fund ambitions including establishing a colony on Mars, launching data centers into orbit, and developing the “lunar economy.” However, SpaceX is currently not profitable, having lost $8.7 billion between the start of 2025 and March 31, 2026, and over $9 billion in 2026 so far. While some investors are enthusiastic about Musk’s vision, others have expressed concerns regarding his consolidated control. Musk will maintain roughly 40% of SpaceX’s total equity and more than 84% voting power, which allows him to make unilateral decisions on business deals and compensation without independent board members. The listing also created new millionaires, with reports indicating that approximately 4,400 SpaceX workers could become millionaires through shares given as part of their pay. While some pension funds have decried the IPO’s provisions, such as “super voting shares” and mandatory arbitration, others are buying in for long-term potential. Some investors, however, warned that the stock’s rally may be driven as much by hype and scarcity as by fundamentals.