EL7.AI
StocksMediumUpdated×3•Originally published 12 June 2026•Updated 12 June 2026•
1 min read

SpaceX Hits $1.77T Valuation as Elon Musk Becomes World's First Trillionaire

Key Facts

1Elon Musk participated in the opening bell ceremony for the record-breaking IPO of SpaceX.
2Musk praised Gwynne Shotwell, the company's president, as an incredible partner since the early days.

In a historic milestone for global financial markets, the SpaceX IPO has delivered record-breaking figures that redefine global wealth and the aerospace sector. The company's shares surged 20% in their Nasdaq debut to trade above $160, following an initial public offering price of $135 per share. This momentum propelled SpaceX's market capitalization to $1.77 trillion, making Elon Musk the first trillionaire in history as the IPO successfully raised $75 billion in capital.

This staggering valuation places SpaceX in a league of its own compared to industry peers; for context, Lockheed Martin holds a market cap of approximately $120 billion, while Boeing continues to face valuation volatility per market data. Compared to pre-IPO secondary market estimates of $200 billion (Bloomberg), the current $1.77 trillion valuation reflects immense investor optimism regarding the space economy and a dominant lead over traditional industrial giants.

Traders are now focused on price stability following the massive opening surge. On the macro front, the market is awaiting a speech by the Fed's Barr on June 6, 2026, to gauge risk appetite for high-valuation growth stocks, followed by the OPEC meeting on June 7, which remains a critical catalyst for aerospace fuel and logistics cost structures.