SPCX Shares Push Elon Musk to First Trillionaire Status In $150 Open

4h ago•

bullish:

bearish:

SpaceX shares have just open at $150, just 11% above the targeted $135 dollar but below the initially indicated $171 mark.

SpaceX (SPCX) Stock Opens at $150. Source: TradingView

The stock immediately jumped 12% to establish an intra-day high of $168.40 as of this writing.

When trading opened at $150 and shares rallied as high as the $168 range (up nearly 20%+ intraday from $135), SpaceX’s market cap exceeded $2 trillion, lifting Musk’s SpaceX portion above $1 trillion and his total net worth estimates to $1.3 trillion or more.

However, these figures represent paper wealth subject to lock-up restrictions, market volatility, and adjustments for illiquidity.

With the SpaceX IPO @elonmusk is the first person to surpass J.D. Rockefeller as the richest private citizen ever. However, adjusted for over 100 years of inflation, Rockefeller earned about $2 billion per year in real income. Musk earns nothing. What a difference a bubble makes.
— Peter Schiff (@PeterSchiff) June 12, 2026

The following section was published immediately after the public listing

SpaceX debuts on Nasdaq with strong indication at $171, 27% above $135 IPO price, pushing valuation toward $2.24 trillion.

The offering is said to have drawn over $250 billion institutional orders, bringing the total demand to about $350 billion in one of the most anticipated and largest market debuts ever.

SPCX Live on Nasdaq: SpaceX Finally Opens Shares for Public Trading

Shares are indicated to open at $171, representing an approximate 27% pop from the IPO price.

This would value the company at roughly $2.24 trillion on debut and make Elon Musk the world’s first trillionaire on paper.

The offering raised approximately $75 billion and gives the rocket and satellite giant a massive $1.77 trillion market capitalization from day one.

.@SpaceX listing day is here. Watch live. $SPCX https://t.co/VTXg0N2TBc
— Nasdaq (@Nasdaq) June 12, 2026

Elon Musk said when he launched SpaceX, he gave the company “less than a 10% chance” of succeeding.

Early indications pointed to a strong opening pop of 25-30% above the IPO price, which would push the stock toward $168–$175. The 27% score at $171 is not a mean feat.

This marks the public debut of the space economy’s dominant player, Starlink’s subscriber and revenue ramp, reusable rocket leadership, defense contracts, and AI/orbital upside now available to public investors.

Notably, the $171 opening falls significantly lower than veteran New York Stock Exchange floor trader Peter Tuchman predicted.

Prediction market bettors on Kalshi now see Elon Musk hitting a net worth of almost $1.5 trillion this year.

Elon Musk Trillionaire Status Bets. Source: Kalshi

With tiny float, overwhelming demand from institutions and retail alike, and looming passive ETF/index buying, the debut shaped up as one of the most volatile and watched in market history.

Reportedly, about 70% of shares sold to institutions allocated to long-only investors and sovereign wealth funds.

Before trading starts, Nasdaq runs a price-discovery auction to match orders. No trades occur until supply and demand balance.

Before trading begins, Nasdaq must complete a price-discovery auction where buy and sell orders are collected and matched.At around 9:50 AM ET, the first indications for $SPCX were released at $175 per share a ~30% premium to the $135 IPO price.During this process:1.… https://t.co/xQ6DloBwvG
— BeInCrypto (@beincrypto) June 12, 2026

Major IPOs like Google and Meta often delayed over 2 hours.