Shares saw an impressive increase of up to 30% at the start of trading today. Despite the excitement, typical investors might need to remain grounded.
A billboard in New York greeted SpaceX on the occasion of its initial public offering at the Nasdaq MarketSite.
On June 12, 2026, SpaceX founder Elon Musk became a trillionaire due to the company going public. The daily Inside Scoop newsletter highlighted this development, alongside other major stories such as the NBA Finals, a UFC event on the White House lawn, and the beginning of the World Cup in the United States.
The initial public offering of SpaceX resulted in substantial wealth for Elon Musk and other insiders. In a few short hours, shares escalated 30%, leading to a company market value of more than $2 trillion. This milestone marked Musk’s official entry as the world’s first trillionaire.
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