NEW YORK, June 13 (Our New York News) — SpaceX’s first day as a public company on Nasdaq turned a private rocket and satellite business into a stock-market giant and, by major wealth-index estimates, pushed Elon Musk past $1 trillion in net worth.
The finding rests on three records or named sources: Nasdaq trading data, SpaceX’s IPO pricing and wealth calculations by Forbes and Bloomberg. Nasdaq trading showed SpaceX began trading June 12, 2026, under the ticker SPCX. SpaceX priced the offering at $135 a share and raised $75 billion, according to the company’s announced offering terms as reported by major business news organizations. The stock opened around $150, climbed as high as about $176.50 during the session and closed near $161.
Those first-day prices implied a market value above $2 trillion, up from an IPO valuation reported at roughly $1.77 trillion to $1.8 trillion. The gain was enough for Forbes and Bloomberg wealth calculations to place Musk’s total net worth at about $1.05 trillion to $1.11 trillion, depending on the timing and method used.
The same calculations show why the number is not simple cash wealth. Musk’s SpaceX stake alone was estimated at about $688 billion to $690 billion at or near the IPO price. Other estimates, using higher trading prices and including options or different share-count methods, put the value of that stake closer to $766 billion to $800 billion. The spread reflects a key issue for investors: Musk’s wealth moved with market prices during the first trading day.
For New York’s financial markets, the listing created a new public company with a valuation larger than most listed businesses and gave investors a market price for a company that had long been private. For new shareholders, the first-day jump created immediate paper gains over the $135 IPO price. For existing owners, including Musk, the public market placed a far higher daily value on holdings that had previously been harder to price.
SpaceX was founded in 2002. Musk has said the company went public to fund plans for satellites and data centers in space and, eventually, a human settlement on Mars, according to AP reporting based on his statements. The ceremonial bell-ringing tied to the debut was reported from Starbase in South Texas, but the market event played out through Nasdaq trading in New York’s capital-markets system.
The first-day numbers also show a gap between public-market demand and at least one independent valuation. Morningstar analysts, described by AP and PBS as independent of investment-banking fees, estimated SpaceX’s value at about $780 billion and called the IPO “significantly overvalued.” That estimate was far below both the IPO valuation and the market value implied after trading began.
The comparison matters because the IPO valuation was not just a headline number. At $135 a share, the company raised $75 billion. At the opening price of about $150, investors were already valuing the same shares about 11% higher than the IPO price. At the closing price near $161, the gain from the IPO price was about 19%. The intraday high near $176.50 implied a larger but temporary gain before the stock settled lower.
The public records available from the first day prove the trading range, the ticker and the market reaction. They also support a narrower conclusion: Musk became the first person estimated above $1 trillion by major wealth trackers because those trackers applied the new public SpaceX price to his holdings, along with the rest of his assets, including Tesla-related wealth.
They do not prove a fixed, final value for Musk’s fortune. Wealth estimates vary because they depend on share prices, private holdings, options and control rights. The available reports also conflict on Musk’s exact SpaceX ownership and voting power. Several reports describe a dual-class or special share structure that leaves Musk with outsized control, but the underlying offering document needed to verify exact percentages was not included in the records reviewed for this article.
That uncertainty does not change the central market fact: SpaceX completed its Nasdaq debut, raised $75 billion at $135 a share and finished its first session near $161. On those public prices, the company’s market value rose above $2 trillion, and Musk’s SpaceX stake became one of the largest personal holdings ever valued in public markets.
