SpaceX IPO Shatters Records, Musk Becomes Trillionaire

SpaceX's stock debuted at $150 per share, significantly above its $135 IPO price, resulting in a market capitalization nearing $2 trillion. This valuation surpasses that of major American corporations combined, marking the largest IPO in history.

The company raised $75 billion, a record sum for a U.S. IPO, exceeding the combined total of all other U.S. IPOs in the past two years. This financial milestone propels Elon Musk, already the planet's wealthiest individual, to become the world's first trillionaire.

This blockbuster offering is expected to pave the way for major IPOs from AI startups OpenAI and Anthropic, potentially ushering in a new era of corporate power. SpaceX plans to utilize the IPO funds to repay loans and finance future endeavors.

These ambitious plans include establishing AI data centers in orbit, constructing a lunar factory, and ultimately sending humans to Mars. Despite questions surrounding the feasibility of these goals and the company's recent reported losses, investor enthusiasm remains high.

SpaceX reported a loss of over $4.9 billion last year, a contrast to its $791 million profit in 2024, attributed to increased AI expenditures. Revenue reached $18.7 billion last year, a 33% increase from the prior year.

The company's valuation is just above Meta's at $1.4 trillion, despite Meta generating substantially more revenue and profits. This valuation reflects investor confidence in SpaceX's long-term vision and its potential to reshape industries.