SpaceX Sets Historic Stock Market Record and Turns Thousands of Employees into Millionaires. SpaceX held the largest IPO in US history. Shares jumped nearly 20% in a single day, with the company’s market capitalization surpassing $2.1 trillion. More than 4,000 employees became millionaires, while Elon Musk became the world’s first dollar trillionaire.
SpaceX carried out the largest IPO in US history, instantly reshaping the financial landscape and the personal fortunes of thousands. On the very first day of trading, the company's shares rose by nearly 20%, and SpaceX's market capitalization exceeded $2.1 trillion. This not only made Elon Musk the world's first trillionaire, but also turned over 4,000 employees who had received options and shares into millionaires.
Trading began with frenzied demand: within a few hours, transaction volume reached $80 billion. By the end of the day, the price of one share was $161.11, although it had been expected at the start that quotations might exceed $175. According to Bloomberg, Musk controls 42% of SpaceX shares, valued at over $800 billion, and his combined fortune, including Tesla, now exceeds $1 trillion.
SpaceX became the first American company to list shares not only in the US, but also for private investors in the UK, EU, Australia, Canada, and Japan. Interest in the IPO was record-breaking: demand from institutional and private investors exceeded supply by more than four times. The lead banks, Goldman Sachs and Morgan Stanley, will earn about $100 million each in commission.
Among the new billionaires are SpaceX President and COO Gwynne Shotwell ($1.8 billion), CFO Bret Johnsen ($1.2 billion), and early investor Luke Nosek ($4.1 billion). However, employees who received shares cannot sell them yet due to a 180-day lock-up period, although there are individual windows for partial sales.
Despite record performance, SpaceX still faces questions about its financial results: the company remains unprofitable, even as it expands activities beyond space launches. As Bloomberg notes, among major American IPOs in recent years, only Visa and Meta have shown consistent long-term growth, while, for example, Rivian has lost 81% of its value since going public.
Interest in SpaceX has also appeared on the crypto market: according to The Wall Street Journal, futures on the company’s shares have become the second largest instrument on Hyperliquid, with daily turnover exceeding $1.3 billion. These derivatives enable round-the-clock trading and leverage, which are especially in demand following events in the Middle East.
In the coming months, the market is anticipating two more major tech deals — the IPOs of Anthropic and OpenAI. Their success will largely depend on Nasdaq dynamics and investor sentiment after the SpaceX record. For comparison, notable changes are also taking place in the Spanish real estate market: recently, actor Maxi Iglesias purchased a luxury penthouse in Madrid, reflecting growing interest in high-yield asset investments. Read more about this transaction in the article about real estate acquisition in Chamartín.
For reference: SpaceX is a private aerospace company founded by Elon Musk in 2002. It is engaged not only in rocket launches but also the development of satellite communications and telecommunications. Widespread employee participation in the company’s capital has become one of the most discussed topics on the market, and the success of the IPO could set a new standard for technology giants in the US and worldwide.
