{"id":7225,"date":"2026-06-12T16:35:34","date_gmt":"2026-06-12T16:35:34","guid":{"rendered":"https:\/\/pronews.in\/index.php\/2026\/06\/12\/spacex-ipo-debuts-in-us-markets-musk-becomes-worlds-first-trillionaire\/"},"modified":"2026-06-12T16:35:34","modified_gmt":"2026-06-12T16:35:34","slug":"spacex-ipo-debuts-in-us-markets-musk-becomes-worlds-first-trillionaire","status":"publish","type":"post","link":"https:\/\/pronews.in\/index.php\/2026\/06\/12\/spacex-ipo-debuts-in-us-markets-musk-becomes-worlds-first-trillionaire\/","title":{"rendered":"SpaceX IPO debuts in US markets, Musk becomes world\u2019s first trillionaire"},"content":{"rendered":"<div>\n<p><span>DEVELOPING STORY, <\/span><\/p>\n<p><em>SpaceX lands on public markets as the sixth largest US company by market value.<\/em><\/p>\n<\/div>\n<div aria-live=\"polite\" aria-atomic=\"true\">\n<p>SpaceX has debuted on US markets with a market valuation of more than $2 trillion, minting CEO Elon Musk as the world\u2019s first trillionaire.<\/p>\n<p>Shares opened on Friday at $150 per share, marking a 6.6 percent increase from the initial public offering (IPO) price, valuing the company at $1.96 trillion, putting the aerospace company on track to become the sixth-largest company in the United States.<\/p>\n<section>\n<h2>Recommended Stories <\/h2>\n<p><span>list of 4 items<\/span><\/p>\n<ul>\n<li><span>list 1 of 4<\/span><a href=\"http:\/\/www.aljazeera.com\/news\/2026\/6\/12\/can-africa-turn-its-population-boom-into-prosperity\">Can Africa turn its population boom into prosperity?<\/a><\/li>\n<li><span>list 2 of 4<\/span><a href=\"http:\/\/www.aljazeera.com\/economy\/2026\/6\/12\/stocks-markets-surge-as-trump-calls-off-strikes-on-iran-touts-peace-deal\">Stock markets surge as Trump calls off strikes on Iran, touts peace deal<\/a><\/li>\n<li><span>list 3 of 4<\/span><a href=\"http:\/\/www.aljazeera.com\/economy\/2026\/6\/12\/elon-musk-poised-to-make-history-as-worlds-first-trillionaire\">Elon Musk poised to make history as world\u2019s first trillionaire<\/a><\/li>\n<li><span>list 4 of 4<\/span><a href=\"http:\/\/www.aljazeera.com\/news\/2026\/6\/12\/indonesian-students-protest-govt-policies-amid-economic-strain\">Indonesian students protest gov\u2019t policies amid economic strain<\/a><\/li>\n<\/ul>\n<p><span>end of list<\/span><\/section>\n<p>The stock, traded under the ticker symbol SPCX, is up 22 percent since trading began.<\/p>\n<p>The company sold $75bn in shares, immediately <a href=\"http:\/\/www.aljazeera.com\/economy\/2026\/6\/4\/elon-musks-spacex-eyes-1-77tn-valuation-ahead-of-historic-ipo\">valuing it at $1.77 trillion.<\/a> The IPO was oversubscribed four times higher than was otherwise expected, according to the Reuters news agency.<\/p>\n<p>Of the institutional investors allocated, according to Bloomberg News, as much as 70 percent went to what are called long-only investments \u2014 a strategy in which holders buy assets based on the expectation that their value will grow over time \u2014 and sovereign wealth funds, including those from Saudi Arabia and Kuwait as well.<\/p>\n<p>SpaceX President Gwynne Shotwell and Chief Financial Officer Bret Johnsen rang the opening bell at Nasdaq MarketSite in New York City at 9:30am local time as US markets opened.<\/p>\n<p>On Thursday, protesters gathered outside the MarketSite to protest the IPO amid continued allegations that Grok, part of xAI, a subsidiary of SpaceX, allowed users to create non-consensual deepfake sexualised images before the IPO debut.<\/p>\n<p>Shares of SpaceX did not trade until the middle of the trading day as the exchange collected buy and sell orders and underwriters delayed trading until supply and demand were balanced.<\/p>\n<p>\u201cWe would expect SpaceX to see an immediate pop in trading due to the hype around the deal, north of 20 percent perhaps,\u201d said Samuel Kerr, global head of equity capital markets at Mergermarket. \u201cAnything lower would actually make me nervous.\u201d<\/p>\n<p>Exchanges and trading firms are eager to avoid the technical mishaps that marred Meta\u2019s 2012 debut. With SpaceX widely viewed as a dress rehearsal for a new generation of mega-listings, market participants will also be watching for signals on investor appetite in advance of forthcoming IPOs for AI heavyweights Anthropic and OpenAI.<\/p>\n<p>The landmark listing cemented Musk\u2019s status as the first trillionaire ever and propelled SpaceX into the ranks of the world\u2019s most valuable companies \u2014 even though the firm posted a loss of nearly $5bn last year and generated only a fraction of the revenue brought in by similarly valued tech giants.<\/p>\n<p>The surge comes amid growth driven by its Starlink subsidiary, which drives as much as <a href=\"http:\/\/www.aljazeera.com\/economy\/2026\/6\/11\/musks-1-8-trillion-spacex-ipo-could-be-highly-undesirable-for-some\" target=\"_blank\" rel=\"noopener\">80 percent of its revenue<\/a>.<\/p>\n<p>On Friday, SpaceX launched its Falcon 9 rocket with 29 satellites into space from Cape Canaveral in Florida.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>DEVELOPING STORY, SpaceX lands on public markets as the sixth largest US company by market value. SpaceX has debuted on US markets with a market valuation of more than $2 trillion, minting CEO Elon Musk as the world\u2019s first trillionaire. Shares opened on Friday at $150 per share, marking a 6.6 percent increase from the &#8230; <a title=\"SpaceX IPO debuts in US markets, Musk becomes world\u2019s first trillionaire\" class=\"read-more\" href=\"https:\/\/pronews.in\/index.php\/2026\/06\/12\/spacex-ipo-debuts-in-us-markets-musk-becomes-worlds-first-trillionaire\/\" aria-label=\"Read more about SpaceX IPO debuts in US markets, Musk becomes world\u2019s first trillionaire\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":7226,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-7225","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-travel"],"_links":{"self":[{"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/posts\/7225","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/comments?post=7225"}],"version-history":[{"count":0,"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/posts\/7225\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/media\/7226"}],"wp:attachment":[{"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/media?parent=7225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/categories?post=7225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/tags?post=7225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}