SpaceX soars 25% on Wall Street debut making Elon Musk first trillionaire
SpaceX, Elon Musk's rocket company, made its public debut on the Nasdaq stock exchange, with shares soaring 25% and giving the company a market value of $2.21 trillion. This increase in value has made Elon Musk the world's first trillionaire, with an estimated net worth of $1.1 trillion. The company's initial public offering raised $75 billion, easily topping the previous record IPO from oil giant Saudi Aramco in 2019.
- ▪SpaceX's shares opened at $150 and rose to $168.90, giving the company a market value of $2.21 trillion.
- ▪Elon Musk's net worth is now estimated to be $1.1 trillion, making him the world's first trillionaire.
- ▪The company's initial public offering raised $75 billion, topping the previous record IPO from Saudi Aramco in 2019.
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| Original publisher | Korea Times |
| Canonical URL | https://www.koreatimes.co.kr/world/20260613/spacex-soars-25-on-wall-street-debut-making-elon-musk-first-trillionaire?utm_source=rss |
| Publication time | Sat, 13 Jun 2026 12:32:03 GMT |
| Retrieval time | 2026-06-13T12:33:54.534Z |
| Last seen | 2026-06-13T12:33:54.534Z |
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| Summary source text | contentText |
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| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
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Opening excerpt (first ~120 words) tap to expand
Pedestrians walk in Times Square with screens showing visuals of Elon Musk and SpaceX branding at the Nasdaq MarketSite Exchange in Times Square in New York City, Friday. Elon Musk celebrated the Nasdaq opening bell Friday as SpaceX prepared to start trading publicly and possibly cementing his status as a trillionaire. UPI-YonhapNEW YORK — The world’s richest man just became its first trillionaire.Shares in Elon Musk’s rocket company SpaceX soared 25 percent after opening for trading at noon Friday, an auspicious start for history's biggest initial public offering and enough to push the net worth of its founder and CEO over the trillion dollar mark.The shares opened at $150, then shot to $168.90 around 12:.50 p.m. ET. That price gave the company a market value of $2.21 trillion.
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