Business, Finance & Tech
Wall Street Milestone: SpaceX Concludes Historic Trading Day, Crowning Elon Musk World's First Trillionaire
NEW YORK — Wall Street witnessed an out of this world public debut on Friday as shares of aerospace giant SpaceX officially began trading on the Nasdaq exchange. The blockbuster opening session saw intense investor demand drive the stock well past its initial expectations, wrapping up its historic first day of public trading at approximately 161 dollars per share at the closing bell.
The highly anticipated initial public offering opened for trading around midday at 150 dollars a share before climbing as high as 176 dollars during a flurry of afternoon trading. The massive market response immediately established SpaceX as the sixth largest publicly traded company in the United States, placing its overall valuation ahead of several long-established corporate heavyweights and even surpassing the market cap of its founder's electric vehicle venture, Tesla.
The record breaking financial milestone has officially cemented SpaceX founder and chief executive officer Elon Musk as the first trillionaire in human history. Musk, who maintains a massive equity stake and extensive stock options in the newly public corporation, saw his personal net worth soar well past the one trillion dollar threshold as market enthusiasm validated the company's multi-industry growth trajectory. While financial analysts note that Musk's newly expanded fortune remains tied to public market volatility, the monumental listing marks an unprecedented consolidation of private capital on Wall Street.
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By: CNN Newsource
June 12, 2026
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