Spacex Ipo Makes Elon Musk the World's First Trillionaire
The IPO cements Musk's financial dominance while concentrating power in a company that handles 82% of U.S. rocket launches but burned $4.9 billion in 2025 and could exhaust its IPO funds within two and a half years.
Reporting from 1 sources: GameBusiness.jp.
SpaceX went public on the NASDAQ on June 11, closing at $160.9 per share with a market cap of $2.1 trillion. Elon Musk's net worth rose over $180 billion in a single day, surpassing $1 trillion and exceeding the GDP of Taiwan, Sweden, and Singapore. Musk holds majority voting shares, making SpaceX a controlled company exempt from independent oversight rules.
SpaceX began trading on the NASDAQ on June 11 at $150 per share, 11% above the IPO price, and closed at $160.9, giving the company a $2.1 trillion market capitalization. Elon Musk's net worth jumped by over $180 billion that day, making him the first person with a fortune exceeding $1 trillion. That sum is larger than the GDP of Taiwan, Sweden, or Singapore. Musk holds a majority of voting shares not sold to the public, so SpaceX qualifies as a controlled company under exchange rules and is exempt from requirements for independent board oversight. In Texas, where SpaceX relocated, shareholders need at least 3% of shares to file derivative lawsuits, which at current valuation means $60 billion worth of stock.
Synthesized by Yomimono from the 1 cited source below, including Japanese-language reporting where cited, then editorially reviewed before publishing.
Sources
- GameBusiness.jp SpaceXがNASDAQに上場。資産が台湾のGDP超えたイーロン・マスク「世界初のトリリオネア」に