SpaceX Goes Public in a $75 Billion Record-Breaking IPO - And Musk Becomes the World's First Trillionaire

SpaceX's IPO valued the rocket and satellite company at roughly $1.77 trillion, pushing Elon Musk's net worth to about $1.1 trillion and making him the first trillionaire on paper. The company raised a record $75 billion, and shares opened at $150 - well above the listing price of $135 - before surging to a high of $176.52 during the trading day.

SpaceX's mega-IPO is the first of a trio of expected AI-company listings this year, with Anthropic and OpenAI both having filed confidential paperwork with the SEC for their own initial public offerings. For global business leaders and investors, this marks a watershed moment - the convergence of space, AI, and capital markets at an unprecedented scale.