SpaceX IPO Tops $1.7T Valuation, Making Musk the World’s First Trillionaire

SpaceX priced its IPO at $135 per share, raising about $75 billion and valuing the rocket-maker at roughly $1.77 trillion. Shares began trading around $150 and jumped into the $160–$174 range intraday, catapulting Elon Musk’s net worth to about $1.1 trillion and earning him the first trillionaire status. The listing—the largest in history—also cements SpaceX’s multi‑line business (rockets, Starlink, AI ventures, and ownership of X). Analysts cautioned the valuation is lofty relative to current earnings, while Musk’s voting control will remain above 82% and he cannot sell for a year.