SpaceX makes Nasdaq debut at $150, lists at 11% premium to IPO price; Musk becomes world's first trillionaire

Elon Musk's SpaceX debuted on Nasdaq on June 12, 2026 at $150 per share, an 11% premium to its $135 IPO price, and quickly climbed to $164 (~20% gain), valuing the company at approximately $1.96 trillion in Wall Street's largest-ever public offering. Although the debut came in below analyst expectations of $170-175, the listing made Musk the world's first trillionaire and is expected to create over 4,400 employee millionaires. SpaceX reported a Q1 2026 net loss of $4.28 billion and is pivoting toward AI infrastructure deals with Anthropic and Alphabet's Google as its largest emerging revenue stream.