SpaceX achieves largest IPO in history, elevating Elon Musk to trillionaire status

SpaceX went public on June 11, 2026, and in doing so, broke every record in the IPO playbook. The company priced its shares at $135 each on Nasdaq, raising $75 billion in the largest initial public offering ever conducted. For context, the previous record holder, Saudi Aramco, raised $29.4 billion back in 2019. SpaceX didn’t just beat that number. It nearly tripled it.

The offering involved the sale of 555.6 million shares, placing SpaceX’s pre-trading valuation at roughly $1.8 trillion. But the market wasn’t content to let the stock sit at its IPO price. Shares opened between $150 and $162, pushing the company’s market capitalization above $2 trillion in early trading.

Musk crosses the trillion-dollar line

Elon Musk’s stake in SpaceX, including options, vaulted his net worth past $1 trillion, making him the world’s first trillionaire on paper.

Before the IPO, estimates placed Musk’s wealth somewhere between $780 billion and $982 billion. The listing added approximately $188 billion to that figure in a single day.

The crypto angle: tokenized SpaceX on Solana

The IPO didn’t stay neatly within the boundaries of traditional finance. Tokenized versions of SpaceX shares, trading under the ticker SPCX, began trading on the Solana blockchain. Think of it as a synthetic derivative: a crypto-native instrument designed to track the price of SpaceX stock without requiring a brokerage account.

The demand was real, but the infrastructure struggled to keep up. Some exchanges were forced to cancel allocations for tokenized offerings because of share shortages.

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