{"id":44630,"date":"2026-06-12T17:51:03","date_gmt":"2026-06-12T17:51:03","guid":{"rendered":"https:\/\/financialrush.com\/?p=44630"},"modified":"2026-06-12T17:51:03","modified_gmt":"2026-06-12T17:51:03","slug":"elon-musk-hits-trillionaire-status-as-spacex-spcx-debuts-on-wall-street","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=44630","title":{"rendered":"Elon Musk Hits Trillionaire Status as SpaceX (SPCX) Debuts on Wall Street"},"content":{"rendered":"<p> \n<br \/><\/p>\n<div>\n<p>&#13;<br \/>\n\t\t\t\t\t\t\t\t\tThe shares began trading at well above the expected $135 price. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n<div>\n<p>SpaceX\u2019s IPO on Thursday broke Saudi Aramco\u2019s record by becoming the largest in history as the company raised $75 billion. Shares were expected to start trading today at $135, but they actually opened at $150 under the SPCX ticker.<\/p>\n<p>More volatility ensued in the initial trading minutes, with the newly listed asset going toward $170, where it was stopped, and now sits below $160.<\/p>\n<p>Nevertheless, SpaceX quickly entered the top 10 global assets by market capitalization of over $2 trillion. It sits at the 9th spot as of press time, above Broadcom\u2019s $1.8 trillion and below TSMC\u2019s $2.2 trillion.<\/p>\n<p>The company\u2019s public listing and official valuation into the trillions of dollars has skyrocketed Elon Musk\u2019s paper fortune, as the Tesla CEO has also become the world\u2019s first trillionaire.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">BREAKING: Elon Musk officially becomes the world\u2019s first trillionaire as SpaceX, <a href=\"https:\/\/x.com\/search?q=%24SPCX&src=ctag&ref_src=twsrc%5Etfw\" target=\"_blank\">$SPCX<\/a>, stock begins trading. <a href=\"https:\/\/t.co\/oSmBxDYuIz\" target=\"_blank\">pic.twitter.com\/oSmBxDYuIz<\/a><\/p>\n<p>\u2014 The Kobeissi Letter (@KobeissiLetter) <a href=\"https:\/\/x.com\/KobeissiLetter\/status\/2065462607364980746?ref_src=twsrc%5Etfw\" target=\"_blank\">June 12, 2026<\/a><\/p>\n<\/blockquote>\n<p>The spaceflight, telecommunications, and AI company, founded in 2002, sold 556 million shares yesterday at an initial price of $135 per share. Individual investors were able to request shares from five brokerages: Charles Schwab, Fidelity, SoFi, Morgan Stanley\u2019s E*Trade, and Robinhood.<\/p>\n<blockquote>\n<p>\u201cAll eligible clients who completed the affirmation process received at least a portion of their requested order,\u201d a Charles Schwab spokesperson said to CNN.<\/p>\n<\/blockquote>\n<div class=\"code-block code-block-12\" style=\"margin: 8px 0; clear: both;\">\n<div><center><span style=\"font-size:11px; color: gray;\">SPECIAL OFFER (Exclusive)<\/span><\/center><br \/>\n<b>Binance Free $600 (CryptoPotato Exclusive): <a href=\"https:\/\/cryptopotato.com\/binance600f\/\" rel=\"nofollow\" onclick=\"if(typeof gtag === 'function') { gtag('event', 'footer_ad_ta_click', {'page_path': window.location.pathname, 'exchange': 'binance', 'link_type': 'main'}); }\">Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (<a href=\"https:\/\/cryptopotato.com\/binance600d\/\" rel=\"nofollow\" onclick=\"if(typeof gtag === 'function') { gtag('event', 'footer_ad_ta_click', {'page_path': window.location.pathname, 'exchange': 'binance', 'link_type': 'full_details'}); }\">full details<\/a>).<\/p>\n<p><b>LIMITED OFFER for CryptoPotato readers at Bybit: <a href=\"https:\/\/cryptopotato.com\/pl\/bybit24\/\" rel=\"nofollow\" onclick=\"if(typeof gtag === 'function') { gtag('event', 'footer_ad_ta_click', {'page_path': window.location.pathname, 'exchange': 'bybit', 'link_type': 'main'}); }\">Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n<p><!-- CONTENT END 1 --><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>\n<br \/><a href=\"https:\/\/cryptopotato.com\/elon-musk-hits-trillionaire-status-as-spacex-spcx-debuts-on-wall-street\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"&#13; The shares began trading at well above the expected $135 price. SpaceX\u2019s IPO on Thursday broke Saudi&hellip;\n","protected":false},"author":2,"featured_media":5278,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-44630","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/44630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44630"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/44630\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/5278"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}