Story perspectives

SpaceX IPO Values Musk at $1.1 T, Shares Surge

6/13/2026

Summary

Musk IPO

SpaceX went public on Nasdaq, shares priced at $135 and opened at $150.
The IPO raised $75 billion, valued SpaceX at $2 trillion, kept a dual-class structure giving Musk 85% voting power, and was deemed overvalued by Morningstar at $780 billion.
Musk’s stake valued at $690 billion pushed his net worth to $1.1 trillion, making him the first trillionaire.
The offering was oversubscribed four times, with retail investors placing over $100 billion for a 20% share.

Summary

**Musk Donates**

Elon Musk donated $300 million to U.S. President Donald Trump’s 2024 campaign and led Department of Government Efficiency, cutting USAID funding.
Senators Elizabeth Warren and Bernie Sanders and Oxfam director Nabil Ahmed warned that Musk’s trillion-dollar wealth exceeds bottom 46 % of population, urging a wealth tax.
The IPO will create about 4,400 millionaires, while SpaceX posted losses over $9 billion in 2025-2026, preventing Musk from selling any SpaceX shares for a year.

History

Historical Context

Google, founded in 1998 with a $100,000 seed from Andy Bechtolsheim and a $25 million 1999 venture round, appointed Eric Schmidt as CEO in 2001. On August 19 2004 it listed on Nasdaq, selling 19.6 million shares at $85, raising $1.67 billion and valuing the firm above $23 billion. That offering helped lift U.S. tech IPOs to $10.7 billion in 2004, starting an internet-ad boom that now fuels wealth-tax debates.

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Musk IPO

SpaceX went public on Nasdaq, shares priced at $135 and opened at $150.
The IPO raised $75 billion, valued SpaceX at $2 trillion, kept a dual-class structure giving Musk 85% voting power, and was deemed overvalued by Morningstar at $780 billion.
Musk’s stake valued at $690 billion pushed his net worth to $1.1 trillion, making him the first trillionaire.
The offering was oversubscribed four times, with retail investors placing over $100 billion for a 20% share.

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