SpaceX IPO debuts in US markets, Musk becomes world's first trillionaire

Author: Al Jazeera StaffPublished on: June 12, 2026Country: United States

Business & EconomyTechnology

SpaceX IPO debuts in US markets, Musk becomes world's first trillionaire

SpaceX debuted on US markets with a market valuation of more than $2 trillion, making CEO Elon Musk the world's first trillionaire. Shares opened at $150, up 6.6% from the IPO price, valuing the company at $1.96 trillion. The company sold $75bn in shares, and the IPO was oversubscribed four times. Protesters gathered outside Nasdaq to protest the IPO amid allegations of deepfake images.

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