SpaceX shares surged following the company’s stock market debut on Friday, lifting founder Elon Musk’s net worth above $1 trillion and making him the world’s first trillionaire, according to estimates from market analysts.
The aerospace company’s shares jumped sharply in early trading, giving SpaceX a valuation exceeding $2 trillion and adding hundreds of billions of dollars to Musk’s personal fortune, much of which is tied to his stake in the company.
The IPO ranks among the largest public listings in history and is being closely watched by investors seeking exposure to the fast-growing commercial space sector.
SpaceX has grown from a private rocket manufacturer into one of the world’s most valuable technology companies, driven by its launch services business and the expansion of its Starlink satellite internet network.
Market analysts said investor demand was fuelled by strong revenue growth, recurring income from satellite services and expectations that the company could play a central role in future communications and space infrastructure.
“The market is valuing SpaceX not simply as an aerospace company, but as a long-term technology and infrastructure business,” one analyst said.
The surge in SpaceX shares also boosted Musk’s standing as the world’s wealthiest individual. The billionaire entrepreneur already holds significant interests in electric vehicle maker Tesla and several other technology ventures.
SpaceX has not publicly commented on Musk’s trillionaire status.
Founded in 2002, SpaceX became the first private company to develop reusable orbital rockets and has secured major contracts with NASA and commercial customers. The company is also developing Starship, a next-generation spacecraft designed for missions to the Moon and Mars.
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Investors will now focus on whether SpaceX can maintain its valuation amid increasing competition in the commercial space industry and growing scrutiny from public shareholders.
The company’s debut is expected to be a defining moment for both the space sector and global equity markets, reflecting investor appetite for high-growth technology businesses with long-term ambitions beyond Earth.
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