SpaceX becomes world's 7th most valuable company after blockbuster market debut

SpaceX began trading on the SPCX ticker at $150, an 11% premium to its $135 IPO price, and closed at $160.95 — a ~19% gain — making it the world's 7th most valuable listed company with a market cap of approximately $2.1 trillion after raising $75 billion in the largest IPO ever. The blockbuster debut saw over 500 million shares change hands, pushed Elon Musk's net worth to $1.11 trillion (the first trillionaire), and signaled strong investor appetite despite SpaceX posting a $4.94 billion net loss on $18.67 billion in 2025 revenue. Musk retains ~82.4% voting control via Class B shares post-listing.