SpaceX IPO on June 12 Values Company at $1.77 Trillion, Propelling Elon Musk to Trillionaire Status

SpaceX went public on June 12 with an initial share price of $135. The offering valued the aerospace firm at about $1.77 trillion. The valuation pushed founder Elon Musk into trillion‑dollar wealth. Market reaction was captured in images supplied by Getty Images. The IPO marks one of the largest valuations for a newly listed company. Investors responded strongly to the company’s growth prospects. Musk’s new status underscores the financial impact of commercial space. Future market activity will indicate whether the valuation holds.