SpaceX IPO debuts in US markets, Musk becomes world’s first trillionaire
Key takeaways
- Space X lands on public markets as the sixth largest US company by market value.
- SpaceX President Gwynne Shotwell and Chief Financial Officer Bret Johnsen rang the Nasdaq MarketSite in New York City opening bell at 9:30am local time as US markets opened.
- Shares of SpaceX did not trade until the middle of the trading day as the exchange collected buy and sell orders and underwriters delayed trading until supply and demand were balanced.
Why this matters: an international story with cross-border implications worth tracking.
Space X lands on public markets as the sixth largest US company by market value.
xwhatsapp-strokecopylinkgoogle Add Al Jazeera on Googleinfo The Musk led company sold $75bn in shares ahead of the market debut [Timothy Clary/AFP]By Al Jazeera Staff and Reuters Published On 12 Jun 202612 Jun 2026Space X has debuted on US markets with a market valuation of over $2 trillion, minting CEO Elon Musk as the world’s first trillionaire.
Shares are set to open on Friday at $150 per share, marking a 6.6 percent increase from the initial public offering (IPO) price, valuing the company at $1.96 trillion putting the aerospace company on track to become the sixth-largest company in the United States.