Elon Musk becomes world’s first trillionaire after SpaceX IPO values company at $1.77 trillion

SpaceX completed its initial public offering on June 12. Shares were priced at $135 each in the offering. The IPO valued the company at approximately $1.77 trillion. The valuation lifted Elon Musk’s net worth above one trillion dollars. Analysts view the market debut as a milestone for the commercial space sector. The funding is expected to support Starship development and satellite projects. Investors are watching how the capital will be allocated across Musk’s ventures. Future market performance will indicate whether the lofty valuation is sustainable.