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SpaceX makes record Nasdaq debut; Elon Musk becomes world's first trillionaire

Saturday, 13 June 2026· 5 min read·Source: The Indian Express

SpaceX made a blockbuster Nasdaq debut on June 12, 2026, after pricing the largest initial public offering (IPO) in history at $135 per share and raising about $75 billion. The stock opened near $150 and closed around $161, up roughly 19%, valuing the company at about $2.1 trillion. The surge pushed founder Elon Musk's net worth past $1 trillion, making him the world's first trillionaire. The $75 billion raise was roughly triple the size of the next-biggest US offering (Alibaba, 2014). Musk now runs two of the handful of US companies valued at over $1 trillion, alongside Tesla.

Key Facts & Details

8 points

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SpaceX completed the largest IPO ever, raising about $75 billion at $135 per share.
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Shares surged ~19% on debut to close near $161, valuing the firm at about $2.1 trillion.
3
Elon Musk became the world's first trillionaire, with net worth crossing $1 trillion.
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The raise was roughly triple the size of the previous biggest US IPO (Alibaba, 2014).
5
The listing took place on the Nasdaq stock exchange in the United States.

Deep Dive

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An IPO is the process by which a private company first sells shares to the public and gets listed on a stock exchange.
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SpaceX briefly ranked among the most valuable companies in the US by market capitalisation after the debut.
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The event drew strong interest from global investors, including large bids reported from Japan.

Exam Focus

Who became the world's first trillionaire in June 2026, and through which company's IPO?

Exam Relevance & Angle

The world's first trillionaire and the largest-ever IPO are high-recall static-trivia items that appear across banking and SSC general awareness, testing names, figures and the basics of how an IPO works.

Target Exams

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Background & Context

An Initial Public Offering (IPO) is the first sale of a company's shares to the public, after which the shares trade on a stock exchange such as the Nasdaq (a US exchange known for technology listings). SpaceX (Space Exploration Technologies), founded by Elon Musk in 2002, is an American aerospace company known for reusable rockets (Falcon 9), the Starship programme and the Starlink satellite-internet business. Market capitalisation — share price multiplied by the number of shares — is used to rank company size. Musk also leads Tesla, the electric-vehicle maker, and previously held the title of world's richest person.