19:00 - 13.06.2026
June 13, Fineko/abc.az. Shares of Elon Musk’s aerospace giant, Space Exploration Technologies Corp. (SpaceX), surged by 19.2% on its first day of trading on the Nasdaq stock exchange under the ticker "SPCX".
According to ABC.AZ, tracking the market debut, the stock closed at $160,95 per share, jumping well above its initial public offering (IPO) price of $135.
Primary Market Highlights:
Market Cap Surpasses Tesla: SpaceX’s market capitalization reached a staggering $2.1 trillion, leapfrogging Musk’s electric vehicle enterprise Tesla ($1.5 trillion) and making SpaceX the 7th most valuable public company globally.
The Biggest IPO Ever: By floating 555.6 million Class A shares, the company raised $75 billion in fresh capital. This systematically shatters the previous world record set by Saudi Aramco in 2019 ($29.4 billion).
Musk Becomes World's First Trillionaire: Following the balance sheet surge, Elon Musk’s net worth advanced past the $1 trillion mark, making him the world's first official trillionaire. Musk retains 82.4% of total voting control over the enterprise.
