NEW YORK, June 13 (Our New York News) — SpaceX’s first day as a public company on Nasdaq turned its founder’s paper fortune into a new Wall Street benchmark: Forbes and Bloomberg wealth estimates placed Elon Musk above $1 trillion after the rocket and satellite company’s shares rose in their debut session.
The finding rests on three pieces of evidence: SpaceX’s IPO terms, Nasdaq trading data and outside wealth calculations. SpaceX priced its initial public offering at $135 a share, raised $75 billion and began trading June 12, 2026, under the ticker SPCX, according to the company’s offering announcement and Nasdaq listing activity cited in market reports. Nasdaq trading data showed the stock opened around $150, climbed as high as about $176.50 during the session and closed around $161.
Those trading levels put SpaceX’s market value above $2 trillion by the close, based on public market capitalization calculations. At the IPO price, the company had been valued at about $1.77 trillion to $1.8 trillion, according to the offering terms reported from the company’s announcement.
For New York’s financial markets, the debut was notable not only for its size but for how quickly it changed the value of private wealth on public exchanges. The $75 billion raised made the offering one of the largest public-market events on record, according to reported SpaceX IPO results. It also gave public investors a direct way to buy into a company that had been privately held since Musk founded it in 2002.
The first-day share price also changed estimates of Musk’s holdings. Forbes calculations put the value of Musk’s SpaceX stake at roughly $688 billion at the IPO price, while other market-based estimates put it near $690 billion or higher as shares traded above the offering price. Estimates that used higher intraday or closing prices placed the stake from roughly $766 billion to about $800 billion. The differences appear to come from the price used and whether options were included.
Musk’s total net worth was estimated at about $1.05 trillion to $1.11 trillion after the debut, according to Forbes and Bloomberg wealth calculations. Those figures are estimates, not cash holdings. They depend heavily on the market value of Musk’s stakes in SpaceX, Tesla and other assets, and they can change as share prices move.
The public record available from the supplied reporting does not settle Musk’s exact ownership and voting control at SpaceX. Reports described a dual-class or special-share structure that left Musk with outsized control, but the reported ownership figures conflict. Some accounts put his ownership near half, while others cited 42% or 38%. One account cited about 85% voting power. The underlying prospectus or share-count filing was not included in the research record, so those exact control figures cannot be verified here.
The debut also showed a wide gap between public-market pricing and at least one independent valuation. Morningstar analysts, described in AP and PBS reporting as independent of investment-banking fees, valued SpaceX at about $780 billion and called the IPO “significantly overvalued.” That estimate was less than half the IPO valuation and far below the value implied by first-day trading.
Musk has said SpaceX went public now to fund plans for satellites and data centers in space and, ultimately, a human settlement on Mars, according to AP’s account of his statement. The record reviewed for this article did not include audited financial statements, an SEC prospectus or detailed use-of-proceeds filing, limiting what can be independently confirmed about SpaceX’s finances beyond the reported offering terms and trading data.
For investors, the first day created immediate paper gains for buyers at the IPO price and larger paper gains for existing holders whose stakes were marked to the public market. For SpaceX, the completed offering brought in $75 billion in new capital. For Musk, the public listing converted a large private stake into a market-priced holding that wealth indexes used to place him above the $1 trillion mark.
