SpaceX Makes History With $75 Billion IPO, Elon Musk’s Wealth Nears $1 Trillion
SpaceX IPO Raises $75 Billion In Biggest Debut Of All TimeSpaceX is the first of three major IPOs expected to capitalise on stock investors' appetite for the leading AI companies.
Elon Musk's net worth will jump roughly $275 billion to about $970 billion.
The company raised $75 billion in the IPO, pricing 555.6 million shares at $135 each, according to a statement on its website Thursday. SpaceX's IPO is more than double the size of Saudi Aramco's $29.4 billion listing in 2019.
At the IPO price, SpaceX has a market value of $1.77 trillion. Accounting for employee stock options and restricted share units, the pricing gives it a fully diluted valuation of about $1.8 trillion.
Musk became a household name through Tesla (TSLA.O), opened a new tab and SpaceX before expanding his influence with the $44-billion acquisition of social media platform Twitter in 2022. The deal gave him a direct channel to hundreds of millions of users and made him a prominent voice on issues ranging from politics and immigration to government spending and free speech.
His move into politics, particularly his role in U.S. President Donald Trump's Department of Government Efficiency last year, has been among his most contentious ventures. The political fallout coincided with weakening Tesla sales in several international markets in 2025 as protests and consumer boycotts targeted the electric vehicle maker.
He took over as Tesla's CEO in 2008 with the conviction that electric vehicles could combine high performance with software-driven features, helping redefine the global automotive industry.
As CEO of Tesla, Musk has courted controversy and praise in equal measure. He is credited with turning Tesla into the world's most valuable automaker. Executives at legacy automakers dismissed the threat for years, skeptical that a startup car company could figure out how to mass produce electric vehicles profitably.
Elon Musk's net worth will jump roughly $275 billion to about $970 billion.
The company raised $75 billion in the IPO, pricing 555.6 million shares at $135 each, according to a statement on its website Thursday. SpaceX's IPO is more than double the size of Saudi Aramco's $29.4 billion listing in 2019.
The IPO
Space Exploration Technologies Corp., as it is officially known, has given the underwriting banks an over-allotment option to buy an additional 83.3 million shares at the IPO price, the statement shows, which would increase the size of the deal to about $86 billion if fully exercised. The IPO drew demand for more than four times the available shares, Bloomberg News reported.At the IPO price, SpaceX has a market value of $1.77 trillion. Accounting for employee stock options and restricted share units, the pricing gives it a fully diluted valuation of about $1.8 trillion.
Musk became a household name through Tesla (TSLA.O), opened a new tab and SpaceX before expanding his influence with the $44-billion acquisition of social media platform Twitter in 2022. The deal gave him a direct channel to hundreds of millions of users and made him a prominent voice on issues ranging from politics and immigration to government spending and free speech.
His move into politics, particularly his role in U.S. President Donald Trump's Department of Government Efficiency last year, has been among his most contentious ventures. The political fallout coincided with weakening Tesla sales in several international markets in 2025 as protests and consumer boycotts targeted the electric vehicle maker.
The Elon Premium
Musk, 54, was born in Pretoria, South Africa, to a Canadian mother and South African father. He attended the University of Pennsylvania, graduating in 1997.He took over as Tesla's CEO in 2008 with the conviction that electric vehicles could combine high performance with software-driven features, helping redefine the global automotive industry.
As CEO of Tesla, Musk has courted controversy and praise in equal measure. He is credited with turning Tesla into the world's most valuable automaker. Executives at legacy automakers dismissed the threat for years, skeptical that a startup car company could figure out how to mass produce electric vehicles profitably.
Next Story