SpaceX closes up 19% at $160.95 in its debut, with a ~$2.1T market value, after opening at $150, up 11% from its IPO price; Musk becomes the first trillionaire

SpaceX shares soared on Friday as trading commenced on the Nasdaq, driving the rocket company's valuation above $2 trillion after a record-setting initial public offering.

CNBC 2026-06-12 Alex Harring

Discussion

@mikeisaac Rat King on x
after a morning of largely boosterish guests cheering spacex being world changing on tv, this guy is the only person i've seen on TV actually focusing on where liquidity for insiders is coming from (retail!!!) [image]
@willoremus Will Oremus on x
as opposed to all the other companies that started out huge
@mikeisaac Rat King on x
perhaps it is a fool's errand to even say “look at the actual books of this company” in the context of elonworld while traders stand to make lots of money on it, but i will continue to beat that drum
@mikeisaac Rat King on x
the important thing for me is that first day trading is basically divorced from company fundamentals today far less important of a data point than, say, a year from now
@yuchenj_uw Yuchen Jin on x
Elon becoming the first trillionaire means one thing: I'm now officially closer to Jeff Bezos than Jeff Bezos is to Elon. [image]
@levie Aaron Levie on x
Incredible. Congrats to @elonmusk and the entire SpaceX team on the 25 years of blood, sweat and tears to build a world-defining company. Amazing to have examples like this that push the future forward. The downstream implications of this are enormous. [image]
@sriramk Sriram Krishnan on x
congratulations to @elonmusk on creating a truly iconic singular company that is just getting started on its mission of getting us all to Mars - and beyond.
@danprimack Dan Primack on x
Reminder than when @aileenlee first wrote about unicorns, she wasn't just talking about $1b private companies. She was talking about VC-backed companies now trading at $1b or more. Which still was rare. Today a $2 trillion VC-backed company went public
@binarybits Timothy B. Lee on x
To put this question more precisely: what fraction of SpaceX's $2T market cap should I credit to space data centers/x.ai, Starlink, and commercial launch services? Any other significant revenue streams?
@bizcarson Biz Carson on x
It's official: Elon Musk is the world's first trillionaire. https://www.bloomberg.com/...
@teslaownerssv @teslaownerssv on x
“It is certainly hard to believe that a little company (@SpaceX) that started in a warehouse in El Segundo is now going public with the largest IPO ever.” @elonmusk [video]
Jamie Kitman Jamie Kitman on linkedin
“The immense human Ponzi scheme that is Elon Musk will eventually collapse. But traditional Ponzi schemes only exploit investors who choose to participate. …
NewsMax.com NewsMax.com on x
Futures Rise on Mideast Deal Hopes; SpaceX IPO
@westernbirding.com @westernbirding.com on bluesky
It's 10 years of dead money
SpaceX SpaceX on x
Space Exploration Technologies Corp. Announces Pricing of Initial Public Offering
@chamath Chamath Palihapitiya on x
https://x.com/...
@danprimack Dan Primack on x
If you view a typical IPO pop as 20%, then the “bar” for SpaceX is $162 — which is the current indicated open (although it's been falling)
@spacex @spacex on x
Teams are go for launch with a $135 price per share for the SpaceX IPO
@danprimack Dan Primack on x
Does SpaceX end today as one of the five largest companies by market cap (knocking out Amazon — currently at $2.6t)?
@jason @jason on x
Congratulations to the SpaceX team on all their extraordinary accomplishments and including so many folks in the IPO milestone. Excited to visit the moon base
@litcapital @litcapital on x
The reason why you want a ~20% IPO pop on day 1 is to reward investors who helped make the IPO successful by committing to the order book Pricing perfectly with no pop only benefits the company and not the investors (in the short term). The stock could rip or tank in longer run
@biancoresearch Jim Bianco on x
With SpaceX getting priced at $135 today, Bloomberg estimates Musk's net worth is now $970.5B Tomorrow, any pop above the IPO price (or a Tesla rally) could make him the first Trillionaire! [image]
@eastdakota Matthew Prince on x
Anyone remember what $NET's IPO “pop” was? I like @matt_levine calling it “perfect” — to the penny. You have a lot more control of what happens when you price an IPO than it may seem. If @elonmusk turns out to have called it even close to perfect two weeks in advance... 🤯 [image]
@andrewcurran_ Andrew Curran on x
SpaceX has excluded investors from China and Hong Kong from participating in its IPO, according to the NYT. The article also reports that OpenAI is likely to impose the same restrictions when it goes public. Given past statements from Anthropic, they may also do the same. [image]
@jimstewartson @jimstewartson on x
You are expected to believe that it is a good investment to pay $135 for 1/13-billionth of a company that lost $5 billion last year. Read that again until you get it.
@elonmusk Elon Musk on x
@chamath Interesting
@katie_roof Katie Roof on x
IPO was decided in early December, right before my scoop. Reminds me of when I scooped Palantir direct listing right when it was decided, just 5 months before the debut!
@leadlagreport @leadlagreport on x
Market basically rallying because Musk said hold off on hitting Iran again until the SpaceX IPO
@rmac18 Ryan Mac on x
Remember when Elon Musk told investors that Twitter would 5x its revenue to $28 billion by 2028 and more than 4x its users to nearly 1 billion? Well, that's no where near happening. Instead he's made even loftier predictions for a much larger company that will go public tomm. …
@garymarcus Gary Marcus on x
For those about to invest in SpaceX, 1. Please don't say you weren't warned. You were. Many times, by many people. For many reasons. 2. Thousands of Elon's thousands future great-grand children will thank you for your donations.
@lexnfx Alexei Oreskovic on x
This is gonna be a big story that @agarfinks hit...on the nose! 👃 “How many people think that they have bought into SpaceX, but they're actually just funding some dude's coke habit in Miami? The number is not zero,” said Anduril cofounder Matt Grimm https://fortune.com/...
@corytv Cory Johnson on x
Can we say that Elon Musk has built one an extraordinary company. 🚀 And can we also say @SpaceX is not worth $1.75 trillion? Here's what must go right for #SpaceX to ever be worth this #IPO price — with the terrific @JulesHyman on @YahooFinance. https://finance.yahoo.com/...
@leevalueroach Lee Roach on x
SpaceX is the most overhyped IPO of the decade and it will end exactly the way every overhyped IPO ends. Facebook IPO'd at $38 and traded under that for 15 months. Uber IPO'd at $45 and is still below that adjusted seven years later for a while. WeWork tried at $47 billion and
Pascal Duval Pascal Duval on linkedin
SpaceX IPO is a resounding success. Good for Elon. Bravo to Wall street oligarchy. Not so sure this is a good news for Main street investors who've …
@larryneufeldsk Larry Neufeld on bluesky
If this one guy was taxed properly the public funds generated would be of enormous benefit to many: SpaceX IPO makes Elon Musk the world's first trillionaire www.reuters.com/business/med...
@polycrisisnow @polycrisisnow on bluesky
Such dystopian unimaginable wealth hoarding, oligarchy at its most disgusting.
@zaratustra @zaratustra on bluesky
well done, population of earth. we've made a single man rich beyond the understanding of any individual human, which I assume is what we were trying to do www.reuters.com/business/med...
@kimmasters Kim Masters on bluesky
There's a trillion suckers born every minute. — www.washingtonpost.com/technology/ 2...
@breakify @breakify on bluesky
Pretty sure that's still not enough money to protect you from 8 billion people.
r/news r on reddit
SpaceX IPO makes Elon Musk the world's first trillionaire
r/Anticonsumption r on reddit
SpaceX IPO just made Elon Musk the world's first trillionare.
r/offbeat r on reddit
NEWSMAKER SpaceX IPO makes Elon Musk the world's first trillionaire
r/stupidpol r on reddit
NEWSMAKER SpaceX IPO makes Elon Musk the world's first trillionaire
r/Economics r on reddit
SpaceX IPO makes Elon Musk the world's first trillionaire
r/news r on reddit
Musk's SpaceX prices record $75 billion IPO at $135 a share
r/worldnews r on reddit
SpaceX's IPO Raises $75 Billion in Biggest Debut of All Time
r/SpaceXBets r on reddit
SpaceX Raises $75 Billion in Record-Breaking IPO, Valued at $1.8 Trillion - Bloomberg
@danprimack Dan Primack on x
Gonna read a lot about VC “returns” from the SpaceX IPO. Reminder that no VC is selling shares into the IPO, and can't sell for a while. So these are still paper gains, not actual cash for distribution-starved LPs in their funds.
@marypcbuk Mary Branscombe on bluesky
dammit, the way Wise does interest on balances is through BlackRock money market accounts so everyone with money in Wise earning interest is now exposed to $5bn of SpaceXAI — and is that family Trump? [embedded post]
@karpathy Andrej Karpathy on x
In awe of SpaceX and its story - past, present and the future. You can think about it in 10+ different ways and continue re-blowing your mind in circles. Huge congrats to the team! 🚀
@jessicalessin Jessica Lessin on x
It is hard to overstate the effect of the SpaceX IPO on the mood in Silicon Valley. The impact of the feeling of this new wealth will be felt in so many wild ways.
@rakeshsfnyc Rakesh Agrawal on x
When evaluating an IPO that just opened, is it best to look at: - first trade - intraday high/low - first day average - first day close - ignore because it is one day noise As always, the answer is “it depends.” Each provides different signal.
@danprimack Dan Primack on x
Remarkable that the largest IPO of all time comes from a CEO who prefers his companies to be privately held.
Charles M. C. Lee Charles M. C. Lee on linkedin
As SpaceX goes public, it is useful to keep in mind this company will open trading at 1,000X trailing 12 month revenue (we are talking about sales, not earnings or cash flows). …
@a4xrbj1 Andrea Basso on bluesky
We have a term for enterprises that look successful because they keep drawing in new investors and keep drawing in new investors because they look successful. They're called Ponzi schemes. And Elon Musk is basically a human Ponzi scheme. — /1
@buccocapital @buccocapital on x
There are only two types of stocks in this market. You are either SpaceX or Adobe. Your TAM is either expanding toward infinity or shrinking toward zero. No there is no in between. Go fuck yourself. Have a great weekend
@fttechnews @fttechnews on x
SpaceX's IPO is a display of Musk's autocratic power https://www.ft.com/...
@thechosenberg Rosey on x
SpaceX is not worth $800 million more than Meta what the hell is happening rn
@electionsjoe Joe on x
This should not be possible. We have failed as a society.
@jessefelder.com Jesse Felder on bluesky
‘SpaceX had planned to train its most cutting-edge AI models on a massive amount of computing power by using a cluster of three data center campuses. However, the firm encountered latency issues compounded by aging network infrastructure.’ www.bloomberg.com/news/article...
@krisarmstrong1 @krisarmstrong1 on bluesky
Lmao. Imagine valuing anything Musk does at $1 trillion. [embedded post]
@clemens.vasters.com Clemens Vasters on bluesky
2 Trillion Dollar company whose valuation rests on its AI story. Good job, everyone.
@senwarren Elizabeth Warren on x
Elon Musk just became the world's first trillionaire. The typical American household would have to work more than 11 MILLION years to make Elon Musk's level of wealth. We need a wealth tax.
@rakeshsfnyc Rakesh Agrawal on x
Comparing market cap to GDP is nonsensical. At a very, very simplified level, market cap is the sum of cash flow activity going forward. GDP is a measure of one year of economic activity. If you were to add the Visa gross volume, it would blow away a lot of countries. (Yes,
@juddlegum Judd Legum on x
I guess I'm just dim but I really don't understand who is buying SpaceX at $160 per share. This is a company that is losing billions of dollars a quarter and the profits are supposed to come when we colonize Mars and launch data centers in space?
@nycmayor Mayor Zohran Kwame Mamdani on x
Reason #1,000,000,000,000 why we should tax the rich.
@laurenshirsch Lauren Hirsch on x
One thing people on Wall Street are telling me today is they are surprised, and in some cases relieved, at how unexpectedly boring it is. The largest I.P.O. in history, in a volatile industry, with a mercurial founder, has largely gone off without a hitch.
@bladeofthes BladeoftheSun on x
What's going on with SpaceX is simple AI was running out of money so they have gouged you for $1.5tn which will go straight back into Nvidia, SpaceX, Arm... Until they run out of money again and they have to gouge again They are setting up a crash that will make 2008 look tiny
Lenny Mendonca Lenny Mendonca on linkedin
Hard to argue with a Nobel prize winning economist on this one. — Paul Krugman has it absolutely right. — Ponzi schemes work great, until they don't.
NewsMax.com NewsMax.com on x
SpaceX Tops $2.18 Trillion Market Cap in Blockbuster Nasdaq Debut
r/WeirdGOP r on reddit
The world's first trillionaire is a killer
Emil Protalinski Emil Protalinski on linkedin
SpaceX is now a public company, making Elon Musk the world's first trillionaire. — SpaceX debuted on the Nasdaq today at $150 …
@gilduran.com Gil Durán on bluesky
The world's first trillionaire is a killer. — Elon Musk's empire of wealth is built on suffering — via @theverge.com — www.theverge.com/tech/949259/ ...

Chronicles

SpaceX closes up 19% at $160.95 in its debut, with a ~$2.1T market value, after opening at $150, up 11% from its IPO price; Musk becomes the first trillionaire

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