SpaceX Goes Public at a About $1.75 Trillion Valuation, Pushing Elon Musk Past $1 Trillion

SpaceX began trading on the Nasdaq on Friday after a record initial public offering that raised $75 billion and valued the company at about $1.75 trillion to $1.77 trillion, according to the reports.

One preview of the deal said SpaceX priced at $135 a share and implied a valuation of $1.75 trillion. It also noted that the company reported $18.67 billion in 2025 revenue, a $4.94 billion GAAP net loss, and $13.8 billion in free cash flow burn.

The listing also pushed Elon Musk’s estimated fortune above $1 trillion, with several reports describing him as the world’s first trillionaire or first paper trillionaire.

The IPO drew attention not only because of its size, but also because of the high valuation compared with SpaceX’s sales.

An IPO, or initial public offering, is when a private company sells shares to the public for the first time.

The offering is drawing attention because it raised $75 billion and valued SpaceX at about $1.75 trillion to $1.77 trillion, which is very large for a newly public company.

It means his estimated net worth rose above $1 trillion after the SpaceX debut, based on the reports.

No. One preview said SpaceX reported a GAAP net loss of $4.94 billion and burned $13.8 billion in free cash flow in 2025.

The Motley Fool

I own Baron Partners Fund, which owned pre-IPO SpaceX for many years prior to its IPO. Ron Baron believes SpaceX could be worth $30 trillion by 2040.

Seeking Alpha

Space Exploration Technologies Corp., aka SpaceX, is set to IPO at $135/share, implying a $1.75T valuation and a staggering 94x price-to-revenue multiple. SPCX reported $18.67B in 2025 revenue but posted a $4.94B GAAP net loss and burned $13.8B in free cash flow.

Forbes

SpaceX began trading on the Nasdaq Friday, boosting Musk's fortune to an estimated $1.1 trillion

CNBC

Elon Musk becomes world's first trillionaire as SpaceX begins trading on the Nasdaq

24/7 Wall Street

Elon Musk became the world's first paper trillionaire when Space Exploration Technologies Corp.

Invezz

Elon Musk became the world's first trillionaire on Friday after the highly anticipated public debut of SpaceX pushed his net worth beyond the $1 trillion mark, further cementing his position as the wealthiest person in modern history. The milestone follows SpaceX's record-breaking initial public off...

Forbes

Musk is by far the world's richest person with a net worth of $1.1 trillion, according to Forbes' estimates. Google cofounders Larry Page and Sergey Brin rank second and third with fortunes of $294.8 billion and $271.9 billion, respectively, the latter of which is just 24% of Musk's.

24/7 Wall Street

SpaceX just rewrote the IPO record book. The company sold more than 555 million shares at $135 each, raising $75 billion and landing a valuation of nearly $1.8 trillion.

Forbes

We estimate Musk's net worth at $1.1 trillion following SpaceX's IPO, cementing his status as the world's wealthiest person and making him the first trillionaire ever.

Bloomberg Markets and Finance

After months of waiting, SpaceX is now a public company. The stock climbed 31% above its offering price at at one point on the Nasdaq.

Forbes

This is a developing story and will be updated.

24/7 Wall Street

CNBC Wealth Editor correspondent Robert Frank delivered a milestone moment on air this morning, saying: “By the end of today, Elon Musk will likely become the world's first trillionaire.

24/7 Wall Street

Tesla (NASDAQ:TSLA | TSLA Price Prediction) CEO Elon Musk made history earlier today by reportedly becoming the world's first trillionaire, fueled largely by SpaceX's blockbuster NASDAQ debut.

Fox Business

SpaceX raised $75 billion in the largest IPO in history, more than doubling the previous record as Musk eyes Starlink growth and space AI centers.

Bloomberg Markets and Finance

As Elon Musk is poised to be crowned the world's first trillionaire, Bloomberg's Max Chafkin and Ed Ludlow break down Musk's growing control of SpaceX, the possibility of a Tesla, SpaceX merger, and why investors will follow Musk to the Moon, despite mounting questions about governance and execution...

The Motley Fool

Elon Musk became the first person in history to reach a $1 trillion net worth after SpaceX's record-shattering $75 billion IPO sent the company's valuation above $2 trillion. Starlink is SpaceX's financial engine, generating $11.4 billion in revenue with nearly 40% operating margins.

Forbes

$2.1 trillion. That was SpaceX's market capitalization at market close Friday.

TechCrunch

SpaceX lifted off on its first day as a public company, immediately jumping to $150 a share after it began trading on the Nasdaq, around 11% higher than the $135 figure at which it officially priced its IPO on Thursday.

NYTimes

Elon Musk said he had initially given SpaceX less than a 10 percent chance of succeeding. His rocket company has come a long way.

CNBC Television

SpaceX opened at $150 per share in its Nasdaq debut on Friday, making Elon Musk the world's first trillionaire and vaulting the company past a $2 trillion market capitalization. Here's how experts are reacting to one of the most historic IPOs in market history.

WSJ

The SpaceX IPO is a credit to Elon Musk and American capitalism.

The Motley Fool

SpaceX stock was priced at $135 for the IPO, but shares opened on the Nasdaq much higher. With a market cap of $2.1 trillion, SpaceX is one of the most valuable companies in the world.

WSJ

Elon Musk became the world's first trillionaire as investors bought into the moonshot AI vision in a remarkably smooth IPO.

Forbes

On "Forbes Talks," Forbes Executive Editor Luisa Kroll and Forbes Reporter Matt Durot discuss Elon Musk becoming the world's first trillionaire after the IPO of SpaceX.

TechCrunch

The biggest IPO in history dropped this morning on the Nasdaq — a debut so big, our team thought it deserved its own bonus Equity podcast episode. On this special bonus episode of TechCrunch's Equity podcast, Senior Reporter Sean O'Kane called up our AI Editor Russell Brandom to help him break down...

Fox Business

XPRIZE Foundation founder Peter Diamandis celebrates SpaceX's successful IPO debut, which made Elon Musk the world's first trillionaire, on ‘The Claman Countdown.'

The Motley Fool

SpaceX went public on June 12 with an initial market value of $1.77 trillion, making it the largest IPO in history. CNBC's Jim Cramer says mismatched supply and demand could quickly drive SpaceX stock to a $6 trillion valuation.

CNBC

SpaceX closed Friday with a market cap above $2 trillion, after Elon Musk said earlier in the day he originally gave the company less than a 10% chance to succeed. More than 500 million shares changed hands, and the debut left Alphabet with a stake in SpaceX worth close to $100 billion.

Bloomberg Markets and Finance

SpaceX's first day on the stock market transformed the startup into one of the world's most-valuable public companies, handed buyers of the IPO a 19% return and turned its founder Elon Musk into the world's first trillionaire. Bloomberg Tech Co-Host Ed Ludlow joined David Gura and Christina Ruffini...

The Guardian

He's now the world's first trillionaire, after his rocket and AI company broke IPO records on its way to a $2.1tn valuation

Reuters

The landmark listing propels SpaceX into the ranks of the world's most valuable companies and cements CEO Elon Musk's status as the first trillionaire ever.

The Motley Fool

The newsflow around the SpaceX IPO was intense, given its size and Elon Musk's involvement. The company is a leader in the space industry, but also has exposure to AI and telecommunications.

The Motley Fool

Musk's stake in SpaceX is now worth more than twice his stake in Tesla. Tesla's profit has fallen sharply, yet the stock trades at about 370 times earnings.

Reuters

Elon Musk said on Sunday that his rocket company, SpaceX , could bring in $1 trillion in revenue by 2030, ‌making the statement two days after the company went public, valuing it at over $2 trillion.

Reuters

Australia's wealthiest person, mining baron Gina Rinehart, has taken a stake of more than $1 billion in the record-setting $75 billion SpaceX IPO, the Wall Street Journal reported on Monday, citing a person familiar with the matter.

Market Watch

Elon Musk has a history of setting bold targets and then failing to achieve them . His latest forecasts for SpaceX revenue are more than double what his bankers expected.

CNBC

"I think we're gonna make hundreds of billions of dollars," Baron said Monday on CNBC's "Squawk Box."

24/7 Wall Street

Elon Musk sat for a CNBC segment last week ahead of the largest IPO in history, and he did something a little odd for someone about to ask public markets for close to $75 billion.

CNBC Television

Ron Baron, Baron Capital founder, CEO and portfolio manager, joins 'Squawk Box' to discuss the historic SpaceX IPO, Elon Musk's mission with the company, and more.

24/7 Wall Street

Elon Musk thinks SpaceX (NASDAQ: SPCX) will have $1 trillion in revenue in 2031.

Reuters

SpaceX has raised $85.7 billion ‌in its U.S. initial public offering ⁠after underwriters exercised the greenshoe option, the rocket, AI and ‌internet ⁠company founded by Elon Musk ⁠said on Monday.

Forbes

$85.7 billion. That's how much SpaceX raised in its IPO, the company said Monday.

Forbes

$85.7 billion. That's how much SpaceX raised in its IPO, the company said Monday.

ETF Trends

To say that considerable hoopla surrounded the SpaceX IPO last Friday is a major understatement. The newly public rockets and satellites company reportedly minted hundreds of millionaires among its staffers while vaulting CEO Elon Musk into the $1 trillion personal wealth club where he resides alone...

CNBC Television

Peter Diamandis, founder of the XPRIZE Foundation, joins ‘Squawk on the Street' discuss SpaceX's public debut last week, the possibility of a SpaceX-Tesla merger, criticism of Elon Musk's trillionaire status, and more.

Forbes

$85.7 billion. That's how much SpaceX raised in its IPO, the company said Monday.

CNBC

CEO Elon Musk said Sunday that the company "might be able to reach approximately" $1 trillion revenue in 2030."

The Motley Fool

Elon Musk's SpaceX went public at an initial market value of $1.8 trillion, making it the largest IPO in history. Among the 15 largest U.S. IPOs on record, the average stock dropped 33% during its first year on the market.

Forbes

According to Forbes' estimates, Musk's current net worth as of Monday night's market close is $1.3 trillion dollar. This makes him the world's richest person by some distance, with Google Founders Larry Page and Sergey Brin being more than $1 trillion behind at second and third on Forbes' Real Time...

The Motley Fool

Elon Musk's SpaceX rewrote the record books on June 12 by raising $75 billion with its initial public offering (IPO) and soaring to a $2.1 trillion market cap. Shortly after SpaceX commenced trading, CFRA became the first financial firm to christen the company with a sell rating.

Barrons

ARK's Cathie Wood doubles down on Elon Musk, Truist names new CEO, Fox bids for Roku, and more news to start your day.

The Motley Fool

Whether it's Starlink, data centers, or enterprise applications, SpaceX believes its total addressable market is tens of trillions of dollars. The company is projected to grow revenue rapidly, but it generated only about $18.7 billion in 2025.

24/7 Wall Street

After SpaceX's (NASDAQ: SPCX) IPO, Elon Musk's net worth rose to $1.27 billion, making him the first trillionaire in world history (at least as far as most people know, based on inflation-adjusted dollars).

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