Musk's company priced 555.6 million shares at $135, raising $75 billion — blowing past Saudi Aramco's $24.9 billion record from 2019 without breaking a sweat. That record stood for seven years. Ticker SPCX, trading opened at 3:30 PM CET and shares were already sitting at $170 on day one.
Why it matters
At $170 per share, Musk becomes the world's first trillionaire. SpaceX dominates commercial launches: the company flies missions for NASA, operates the Starlink satellite network, and is developing the super-heavy Starship for lunar and Mars missions. Five years ago that sentence would have sounded like satire.