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, propelling the rocket company's valuation above $2 trillion, as trading commenced on the Nasdaq …

CNBC 2026-06-13 Alex Harring

Context & Ripple Effects

The coverage traces SpaceX from a $75 billion IPO at $135 per share and a $1.77 trillion indicated value to its Nasdaq opening and subsequent trading. The debut gives public markets a liquid, continuously repriced stake in a company that had previously been valued through private financing.

Follow-on coverage already shows that the initial enthusiasm did not remove valuation risk: shares later fell for four consecutive sessions and briefly traded below the IPO price. Separately, SpaceX’s acquisition of xAI and legal challenges to its Colossus data centers place the listing alongside a broader push into AI-linked infrastructure.

First-order effects

SpaceX gains a public-market valuation of roughly $2.1 trillion after its first-day rise, while IPO buyers immediately hold an appreciated, tradable position.
Musk’s estimated wealth crosses the $1 trillion threshold as the market reprices his SpaceX stake.

Second-order effects

The public listing subjects SpaceX to daily price discovery rather than periodic private-market marks; the later move below the IPO price shows that the opening valuation will be contested by public investors.
A much larger public equity base can strengthen SpaceX’s financial flexibility around its expanding portfolio, but it also raises the visibility of execution and legal risks associated with xAI-linked products and Colossus data centers.

Third-order effects

If public investors continue to support valuations at this scale, the boundary between space companies and AI/infrastructure platforms may blur further, with capital markets rewarding companies that combine launch, communications, computing, and consumer-device ambitions.
The subsequent trading reversal suggests the structural shift will not eliminate scrutiny: public investors can rapidly reprice long-horizon infrastructure narratives when growth, capital needs, or regulatory and legal constraints become clearer.

The trend: SpaceX’s listing is a data point in the migration of capital-intensive space and AI-infrastructure ambitions from private-market financing toward public-market valuation and accountability.

Discussion

@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.
@gavinnewsom Gavin Newsom on x
Americans are struggling to pay for groceries and gas while Elon Musk becomes a TRILLIONAIRE. When the federal government is for sale, the rich get richer and everyone else gets shafted. The system is rigged.
@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]
@thechosenberg Rosey on x
SpaceX is not worth $800 million more than Meta what the hell is happening rn
@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]
@aravsrinivas Aravind Srinivas on x
“I don't ever give up” Congrats @elonmusk 🚀 [video]
@dineshdsouza Dinesh D'Souza on x
Perhaps this helps to explain why you are not a trillionaire, or worth much of anything. You don't think about creating wealth, which is hard. You merely fantasize about distributing other people's wealth, and consider yourself virtuous for doing it. Shameless creep!
@ashleevance Ashlee Vance on x
The Falcon 1 is small potatoes now, but reporting on its development is really what got me hooked on @SpaceX. Loved the tales of a bunch of 20 somethings stuck on Kwajalein Atoll trying to make a rocket fly. The company ended up being one tiny error on the fourth launch from
@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?
@electionsjoe Joe on x
This should not be possible. We have failed as a society.
@nvidia @nvidia on x
Huge congratulations to the @SpaceX team on a historic IPO debut. Fueling the next frontier of space and AI. 🌌 NVIDIA's partnership with SpaceX spans nearly a decade, from hand-delivering the world's first #NVIDIADGX-1 supercomputer in 2016 to the custom DGX Spark handoff at [vid…
@rokhanna Ro Khanna on x
Musk is worth more than South Africa's GDP. @BernieSanders and I proposed a 5% tax on people like him. In one year, it could fund: - free public college & trade school -$10/day childcare - Special-needs education nationwide Wealth inequality is the moral failure of our time.
@elerianm Mohamed A. El-Erian on x
The SpaceX IPO will go down in history for an eye-popping combination of reasons—from scale, valuation, and fees to investor allocation, price discovery, key-person risk, and fast-tracked index inclusion. It also triggers an unprecedented wave of wealth creation, all while [image…
@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
@elonmusk Elon Musk on x
Looking forward to taking our exciting partnership with Nvidia to the next-level
@davidmarcus David Marcus on x
Seeing Dems vilifying success instead of celebrating American exceptionalism to pander to their increasingly left/socialist-leaning supporters is disappointing but on-brand now I guess.
@repsarajacobs Congresswoman Sara Jacobs on x
It's beyond sickening that Elon Musk - the world's first trillionaire - pays a lower effective tax rate than truck drivers, firefighters, or nurses. It's not complicated - we need to actually TAX THE RICH. https://www.nytimes.com/...
@erikvoorhees Erik Voorhees on x
@bourscheid No, you don't get it. He does not have $1 trillion sitting in cash, it is 99% stock in his companies. To make that wealth liquid would mean selling all that stock which would swiftly destroy *both* the companies (Tesla, SpaceX, others) and the wealth. If he sold it al…
@garymarcus Gary Marcus on x
So, um, if I have this right, the world basically just paid for about 75 billion dollars for a tiny slice of an Elon Musk NFT, with a marginally profitable rocket company thrown in. How's that gonna turn out? [image]
@bizcarson Biz Carson on x
It's official: Elon Musk is the world's first trillionaire. https://www.bloomberg.com/...
@dharmesh @dharmesh on x
Today, I made a small investment in the biggest IPO in history. Not because I confidently believe in the economics of SpaceX, but because I confidently believe in the brilliance and ambition of @elonmusk. I could be wrong, but I think we're going to see stellar results. * I'll
@msmelchen Melissa Chen on x
Today's flood of Western media hit pieces and ridiculous commentary on Elon and SpaceX is yet another sign that the West is rotting from the inside. EVEN the Chinese Communists treat their national champions with more respect than these pathetic hacks. The CCP and its state
@pmarca Marc Andreessen on x
We're gonna abundance so much, you may even get tired of abundance. And you'll say, please, please, it's too much abundance. We can't take it anymore. Mr. Musk, it's too much, and I will say no it isn't, we have to keep abundance, we have to abundance more, we're gonna abundance
@tomfitton Tom Fitton on x
Congratulations to @ElonMusk and congratulations to America. The entire economy of this great nation is lifted by this new $2.1 trillion @SpaceX public company-a company which could only have been established and succeeded thus far in the USA!
@arrington @arrington on x
We secured some shares in the SpaceX IPO. Always happy to back @elonmusk, and so far this looks like a very successful IPO.
@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
@garywinslett Gary Winslett on x
I'll just speak myself on this. As an abundance Democrats, I very much *am* excited about that! But when the CEO of that company gutted all kinds of foreign aid programs to the detriment of many millions, that makes it impossible to be a cheerleader for the IPO. A big part of
@gabriel_zucman Gabriel Zucman on x
Those who celebrate @elonmusk's $1 trillion fortune need to be reminded of a simple and vital truth: That there is a fundamental tension between extreme wealth and the very possibility of democracy. [image]
@boringbiz_ @boringbiz_ on x
The irony of left wing politicians bashing Elon for becoming a trillionaire is that SpaceX was literally started due to their own incompetence By the early 2000s, NASA had effectively become a funding shell that was no longer doing what it had promised. Space missions were
@emmavigeland Emma Vigeland on x
Elon becomes the world's first trillionaire via an overvalued SpaceX IPO. It allows the billionaires who took Twitter private to cash out after new investors raise the stock price (a pump and dump), and now they're integrating it into indexes so retirees are left holding the bag.
@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?
@dieworkwear Derek Guy on x
with a trillion dollars, elon can pay one million people one million dollars to pretend they are him playing a video game
@gavinsbaker Gavin Baker on x
Security is super tight at Starbase. @SpaceX [image]
@elonmusk Elon Musk on x
I love the incredible people of SpaceX beyond words
@claytravis Clay Travis on x
SpaceX going public today will create a reported 4,000 new millionaires. Most of the attention will go to @elonmusk becoming a trillionaire but he's already wealthy, he can buy everything now. The 4,000 new millionaires are going to experience more transformative live changes.
@djsnm Scott Manley on x
All the news is about @elonmusk becoming unfathomably wealthy from the @spacex IPO, but there are many more stories of amazing people who worked hard to build SpaceX in the early days who are looking at life changing amounts of wealth today. I expect a lot of them will keep
@braveben Ben Braverman on x
I'm actually fine with this framing. I don't think a random 11 million American households could work together to build SpaceX. We're getting a bargain.
@bscholl Blake Scholl on x
The richest thing about this tweet is the taxes and regulations that give California the highest gas prices in the nation. Gavin, if you're actually concerned about gas prices, when are you repealing those?
@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! 🚀
@cafreiman Chris Freiman on x
Elon Musk became a trillionaire precisely because he solved important problems.
@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
@adriandittmann Adrian Dittmann on x
Ever since childhood, I've been obsessed with the future of space exploration. I've always loved SpaceX, its people, and its mission. Today, I get to own a piece of that company, one which is making that future a reality in my own lifetime at immense speed and scale.
@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.
@borisjohnson Boris Johnson on x
Elon Musk is the supreme example of the ego-driven lust to excel that is the engine of capitalism. That's why SpaceX could be such a boon to the human race https://mol.im/...
@jgebbia Joe Gebbia on x
Congrats to Elon and all the SpaceX employees and investors who believed in him! What a remarkable day against all odds.
@mikebenzcyber Mike Benz on x
You could give “the typical American” 11 MILLION years and they still would not create PayPal, Tesla, SpaceX, OpenAI, xAI, Neuralink, Boring Company, Ad Astra, all while single-handedly saving free speech for all mankind while lifting humanity out of the grip of Big Tech tyranny.
@mattyglesias Matthew Yglesias on x
I'm gonna toss out the hypothesis that there may be reluctance in some quarters to praise Musk's business accomplishments because of some of his political activities.
@mdudas Mike Dudas on x
i see people are upset that elon didn't generate his wealth the right way, drawing a 7 figure annual salary from a prestigious washington dc based ngo with a 25% program expense ratio
@willoremus Will Oremus on x
as opposed to all the other companies that started out huge
@nikitabier Nikita Bier on x
Always check your DMs [image]
@ktmboyle Katherine Boyle on x
“It is certainly hard to believe that a little company that started in a warehouse in El Segundo is now going public with the largest IPO ever.” Only in America. Congratulations to @elonmusk @SpaceX. This is the American Dream 🇺🇸💪🚀 [video]
@karpathy Andrej Karpathy on x
@Siddhos sometimes money and “genuine, positive, non-zero sum value creation” are not highly correlated, and sometimes they *really* are. well-earned!
@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.
@jpmorgan J.P. Morgan on x
J.P. Morgan + SpaceX= Largest IPO Congratulations to the @spaceX team on this milestone, we were proud to serve as a lead bookrunner on the transaction. [video]
@thetranscript_ @thetranscript_ on x
Elon Musk in this 2012 interview: “ My proceeds from PayPal after tax were about $180M, $100M of that went into SpaceX, $70M into Tesla, and $10M into SolarCity and I literally had to borrow money for rent.” $SPCX $TSLA [video]
@garymarcus Gary Marcus on x
For those wondering: I am not buying SpaceX. I am not shorting SpaceX. I am staying the F away. Why? Because the “float” is so thin, it's easy to manipulate the stock. (If you don't know what that means, you are definitely in for a ride.) I want no part of it.
@ronbaronanalyst Ron Baron on x
Last week, I attended the @ElonMusk and Jamie Dimon @SpaceX discussion at J.P. Morgan. Jamie asked Elon how he had changed over the past 20 years as a leader and a person. Elon's answer wasn't about success. It was about what's next. He said he has learned a lot...has made [image…
@fttechnews @fttechnews on x
SpaceX's IPO is a display of Musk's autocratic power https://www.ft.com/...
@samirkaji Samir Kaji on x
SpaceX is $2T plus. Anthropic probably goes at $2T. OAI 1T-$1.5T. 5T+ in total exit volume. Insane.... 30-40% likely goes to GPs/LPs, the rest to employees. After tax, still a huge number. Where does this capital go? Employees will have the option to start new businesses
@nasdaq @nasdaq on x
“And that's what SpaceX is all about - is to take the fiction out of science fiction and create an exciting, inspiring future for everyone.” @SpaceX Founder, CEO, CTO & Chairman @elonmusk takes the @NasdaqExchange podium on $SPCX IPO day. [video]
@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
@awilkinson Andrew Wilkinson on x
Today, I made 46x my investment in SpaceX. Everyone rewrites history to make themselves a genius. This incredible investment, ironically, happened because of something stupid: The rule of reciprocity. I met Antonio Gracias (then on the board of Tesla and SpaceX) through a
@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]
@davidu David Ulevitch on x
Between Tesla, SpaceX, Starlink, and other initiatives it's hard to imagine anyone who has done more in recent history to advance humanity and improve the lives of hundreds of millions of people than Elon Musk.
@logandobson Logan Dobson on x
The “I f***ing love Science” crowd turning on the man who popularized the electric car in America and out-rocket-launches NASA by orders of magnitude because of politics is a funny twist. Maybe they don't really f***ing love science that much
@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.
@antoniogm Antonio García Martínez on x
This is a good rumination on sudden wealth (as someone who's also seen its impacts firsthand), and the cast of characters rings very true. You have the relentless striver who stays in the game out of competitive FOMO. Money is what those without talent use to keep score.
@scottbelsky Scott Belsky on x
great opportunities never have “great opportunity” in the subject line, except in the rare cases where all the right ppl are involved...in which case they do. and still early days re: the possibilities congrats on the moment @nikitabier @elonmusk @shaunmmaguire + teams 💥🚀
@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.
@davidgokhshtein David Gokhshtein on x
I believe SpaceX could be the catalyst that brings energy back into the crypto market. Similar to what Wall Street Bets and Roaring Kitty did when they brought retail back into the market and turned it into a movement. Crypto needs that kind of moment again. Not just another
@markpinc Mark Pincus on x
How does this make any sense at all? Elon has taken more risks and produced more innovations than any entrepreneur in history. How is that a rigged system? All you have to do is build a rocket that can launch and land and you get this trillion dollar windfall for free!
@johnlefevre John LeFevre on x
Today, Neil deGrasse Tyson can go shit in his hat: “The delusion is thinking that SpaceX is going to lead the space frontier. That's just not going to happen, and it's not going to happen for three really good reasons: One, it is very expensive. Two, it is very dangerous to do
@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,
@charlesliang Charles Liang on x
@elonmusk A big congratulations to SpaceX's greatest IPO and proud to co-build another new Gigawatt AI datacenter for @SpaceX and @XAI within a year! This will be our fastest TTO yet, and easily one of the biggest and most advanced datacenters in the world! Space is our big [imag…
@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.
@sandeepvaheesan Sandeep Vaheesan on x
Elon Musk becoming a trillionaire is okay because he has shown us there is no connection between great wealth and political power
@emostaque Emad on x
So looks like @SpaceX will spend 2.5% of its market cap to buy @cursor_ai at 15x revenue 👀
@nycmayor Mayor Zohran Kwame Mamdani on x
Reason #1,000,000,000,000 why we should tax the rich.
@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
@martinvars Martin Varsavsky on x
When I give my savings to @elonmusk they multiply. When I give them to you and all of the US government, they disappear.
@jasonkander Jason Kander on x
Really hard to imagine becoming a trillionaire and not wanting to immediately liquidate enough assets to give at least a few hundred billion to organizations making the world a better place.
@briannorgard Norgard on x
I've had the privilege of investing in SpaceX five times. Thank you to Elon and team. People ask what I'll do with the proceeds. The answer is simple: reinvest into the next generation of hard tech founders in Southern California. From El Segundo to Oceanside, I'm your guy.
@altcap Brad Gerstner on x
You are smarter than this Ro. Imagine if Bernie had taxed @elonmusk 100% on his PayPal capital gains. We would have no @Tesla or @SpaceX - none of those jobs or GDP. Who do you think allocated the capital better for society? He will already pay $100 B + in taxes - more than
@robertgraham Robert Graham on x
He doesn't. Elon Musk's tax rate is 23.8% (20% capital gains, 3.8% Obamacare surcharge). To pay that much tax on your wages, you have to be earning more than $290,000 — that's far more than what truck drives, firefighters, or nurses earn.
@cliffordasness Clifford Asness on x
Please notice that the reasons the French Socialists (and their Stiglitz backup singer) give for extreme expropriation keep varying and yet the proscribed action is always the same. Their papers keep getting debunked, they issue weak retorts, and just move on to new dubious ways
@bourscheid John Bourscheid on x
I really don't understand true greed. If I was worth $1 trillion, you'd have to physically stop me from solving as many of the world's problems as possible. Everyone would have a home, food on the table, proper healthcare, happiness. I just don't get it.
@micsolana Mike Solana on x
odd I don't see any of the “abundance democrats” posting about the combined spaceflight / satellite constellation and telecommunications / AI company today, which is experiencing the largest IPO in human history — I would have thought they'd be excited!
@bgurley Bill Gurley on x
@0xSkywalkerL ... Matthew & I had this debate live a few years ago. My take is the process is archaic & unnecessary. One can simply match demand/bids as the mechanism for choosing allocation (which is how it opens the next day). Having humans guess and allocate is silly.
@jeffjarvis @jeffjarvis on x
We can only pray that this is the apotheosis of the Second Gilded Age, the death knell of late-stage capitalism, built on the backs of tax subsidies to the devil Musk, enriching the schmucks buying his stock and gospel. SpaceX Climbs in Debut, Musk Becomes First Trillionaire
@willchamberlain Will Chamberlain on x
Ro Khanna is worth $230 million! How about you donate $200 million of that first before you talk about stealing anyone else's money!
@supermicro @supermicro on x
Congratulations to @elonmusk and all our friends at @SpaceX on their IPO launch! Supermicro is proud to support SpaceX and @xai's bold vision, including the ambitious plan for a Gigawatt AI data center in space. Wishing the entire team tremendous success ahead.
@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]
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 …
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.
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). …
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. …
@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/ ...
@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
r/Res_Publica_DE r on reddit
The world's first trillionaire is a killer
r/WeirdGOP r on reddit
The world's first trillionaire is a killer
@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.

Chronicles