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Business
Jun 12, 2026
Analyzed by GPT OSS 120B

SpaceX’s $75 bn IPO Sets Record as Musk Nears Trillionaire Status

AI Summary
SpaceX completed a $75 bn initial public offering, the biggest ever in U.S. history, valuing the company at roughly $1.8 tn and positioning Elon Musk on the brink of becoming the world’s first trillionaire. Strong demand and over‑allotment options fuel optimism, while analysts warn the price may be disconnected from fundamentals.

SpaceX's $75 bn IPO Marks Historic Market Debut

Today, 12 June 2026, SpaceX began trading on the U.S. stock market after raising a record‑breaking $75 bn in its initial public offering. The float could crown Elon Musk as the planet’s first trillionaire and places the rocket‑builder among the world’s largest public companies.

Record‑Breaking Offering: 555.6 million Shares Sold at $135

  • 555,555,555 Class A shares priced at $135 each were sold.
  • Underwriters received an over‑allotment option for an additional 83.3 million shares, potentially expanding the raise to about $86 bn.
  • Orders exceeded the supply by more than three‑fold, driven by institutional and retail investors.

Financial Scale: $75 bn Raised, $1.8 tn Valuation, Over‑Allotment Potential

  • Proceeds: $75 bn (targeted $75 bn achieved).
  • Implied market cap: roughly $1.8 tn, comparable to the combined value of the 29 biggest U.S. IPOs since 2000.
  • Pricing multiple: about 92× last year’s revenue, sparking valuation debates.

Market Ripple Effects: Investor Sentiment, Valuation Debate, Musk’s Trillionaire Prospect

The IPO’s size has immediate implications for market dynamics:

  • Analyst Ipek Ozkardeskaya (Swissquote) calls the float “huge” and a potential catalyst for broader market activity.
  • Morningstar argues the shares are overvalued, estimating a fair price of $63—less than half the IPO price.
  • Morningstar’s chief equity strategist Michael Field advises investors to wait for a more attractive entry point.

What Comes Next: Share Performance Outlook and Long‑Term Valuation Risks

Investors will watch the opening bell to gauge whether demand sustains the lofty valuation. Key factors to monitor include:

  • Post‑IPO price stability versus the $135 issue price.
  • Potential activation of the over‑allotment option, which could dilute early investors.
  • Long‑term revenue growth from SpaceX’s launch, satellite, and AI businesses.

Should the shares hold, Musk could officially join the trillion‑dollar club; if not, the market may reassess the premium placed on high‑growth aerospace assets.