Elon Musk Becomes Trillionaire After SpaceX IPO

By EC Assets · Published 12 June 2026

Elon Musk has become the world's first trillionaire following the initial public offering of SpaceX. SpaceX shares gained 17% as trading began, valuing the rocket company at over $2 trillion. Small investors sought to participate in the SpaceX IPO. SpaceX raised $75 billion ahead of its stock market debut. Gwynne Shotwell, SpaceX's COO, had expressed doubts about an IPO for years. Some believe the company's valuation is "stupid." The allocation for retail investors in the IPO was cut to the low 20% range. Former Tesla board members believe SpaceX needs to achieve two of its three moonshots to maintain its valuation. Brad Gerstner and Gavin Baker discussed the SpaceX IPO, along with a possible pivot for Nvidia. The market has seen a boom in options volume for space stocks, as investors look for ways to gain exposure to SpaceX. The significant market interest in the SpaceX IPO has generated considerable hype. For older investors approaching retirement, a stock dip could present a portfolio challenge. This article is intended for informational purposes only. It does not constitute investment advice.