The aerospace company founded by Elon Musk made history with the largest IPO ever. After surpassing a market valuation of $2 trillion, the entrepreneur's fortune would have crossed the $1 trillion barrier for the first time
With SpaceX valued at over US$ 2 trillion, the entrepreneur's stake would reach about US$ 841 billion. When adding the value of his shares in Tesla and other companies, his total wealth would be around US$ 1.1 trillion.
This means Musk would become the first person in history to surpass one trillion dollars in personal fortune, an amount equivalent to one million million dollars.
SpaceX officially debuted on Wall Street and did so with unprecedented figures. The company founded by Elon Musk in 2002 began trading with an initial price of US$ 135 per share, after placing approximately 556 million shares on the market.
The demand from investors was extraordinary. According to financial reports, orders exceeded US$ 350 billion, making the operation one of the most anticipated in recent years.
SpaceX's stock market debut far surpassed the previous record set by Saudi Aramco in 2019, establishing itself as the largest IPO in history.
The market response was immediate.
During the first trading day, shares traded close to US$ 165, representing an increase of approximately 22% from the initial price.
As a result, the company's valuation exceeded US$ 2 trillion, above the initial estimate of US$ 1.77 trillion.
With this market capitalization, SpaceX is now among the most valuable companies in the United States, sharing the elite group that includes tech giants like Nvidia, Apple, Microsoft, Alphabet, and Amazon.
The big winner of the historic stock market debut was its founder.
Musk holds nearly 50% of SpaceX, in addition to maintaining control of the company thanks to a special share structure that grants him approximately 82.4% of the voting power.
To grasp the magnitude of that wealth, the South African magnate's fortune would be comparable to the sum of several of the largest fortunes on the planet and would exceed the gross domestic product of numerous countries.
Although SpaceX is globally known for its reusable rockets and space missions, a significant part of its current valuation comes from expectations related to artificial intelligence.
The company expanded its operations with Starlink, the global satellite internet network, and recently strengthened its technological bet through integration with xAI, Musk's artificial intelligence firm.
The documents presented to investors highlight projects related to space data centers, advanced information processing systems, and new artificial intelligence applications for its global services.
The funds raised through the IPO will finance some of the company's most ambitious projects.
These include the development of Starship, plans to establish a permanent human presence on the Moon and Mars, the global expansion of Starlink, and new investments in infrastructure for artificial intelligence.
The success of SpaceX could also accelerate future initial public offerings of other tech companies linked to AI, such as Anthropic or OpenAI, in a context where Wall Street increasingly bets on companies capable of leading the next technological revolution.
