SpaceX’s IPO raised $75 billion in new value and launched under a $1.77 trillion market cap. Within days shares climbed about 50%, lifting market capitalization to nearly $3 trillion and momentarily surpassing Microsoft and Amazon.
On its first trading day, SpaceX sold shares at $150 apiece, generating $75 billion in fresh market value and establishing a $1.77 trillion market capitalization. The debut also propelled Elon Musk’s net worth past $1.1 trillion, making him the world’s first trillionaire.
By Tuesday, SpaceX shares had surged roughly 50% from their opening price, reaching $225.64 and pushing the company’s valuation to approximately $2.97 trillion. That gain briefly elevated SpaceX above Microsoft and Amazon in the U.S. market-cap rankings.
In the run-up to the IPO, aerospace and defense peers such as AST SpaceMobile, Intuitive Machines, Rocket Lab and Virgin Galactic hit annual or record highs. After SpaceX’s debut, those names retreatedin trading despite showing 2026 gains between 18% and 68%.
Senator Elizabeth Warren urged a delay over governance and valuation risks, warning of a power imbalance at the SEC. Traders also warn that the rapid listing may limit size and liquidity data, creating one of the toughest hedging environments in decades.
Finance
