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In the world of business and space technology, the day of June 12, 2026 has been recorded forever in the pages of history. Veteran businessman Elon Musk’s company SpaceX has been listed on the Nasdaq index of the American stock market. As soon as it entered the market, this company has achieved success, which is being discussed everywhere. The investors who got its shares on the very first day of IPL got a direct profit of 19 percent.
With this bumper listing, SpaceX has joined the list of the world’s most valuable public companies. According to the latest report by Bloomberg, after the listing, the total market valuation of the company has reached $ 2.2 trillion (about $ 2.2 trillion). Thanks to this historic gain, company founder Elon Musk has now become the world’s first trillionaire. According to the Forbes Real Time Billionaire Index, Musk’s total net worth is now estimated at $1.1 trillion.
SpaceX’s performance in the market on its first day
This IPO of SpaceX, which makes rockets, spacecraft and Starlink satellites, was worth $ 75 billion, which is the largest public issue in corporate history so far. Let us understand from the table below how the shares moved on the day of listing:
“I thought this company would fail” – Elon Musk
Elon Musk looked emotional after this historic success. During a livestream on his social media platform X (Twitter) on Friday morning, Musk recalled his old days.
What did Elon Musk say in the livestream?
“It’s really hard to believe that our small company, which started from a small warehouse in El Segundo, is now going public with the world’s largest IPO. If someone had told me years ago that something like this was going to happen, I would have said, ‘Brother, you must be on some very strange drug’! Because to be honest, I myself thought that this company would fail one day.”
The demand was so much that one-third of the investors had to return empty handed.
According to market experts, there was a tremendous craze among institutional and retail investors regarding SpaceX’s IPO. A total of orders worth more than $350 billion came into the market, which were many times more than the fixed size.
Due to this huge demand, almost one-third of the companies that placed orders could not get even a single share allotted. At the same time, applications worth more than 100 billion dollars were also received from small investors (Retail Traders), but due to less space, only 15 billion dollars worth of shares could be distributed in this category. Experts say that if the underwriters exercise their rights to sell additional shares within the coming 30 days, then there may be an even bigger jump in the valuation of the company.
Saudi Aramco’s 7 year old record broken
With this listing, SpaceX has destroyed the years-old record of the world’s largest oil company Saudi Aramco. Earlier, the title of the world’s largest IPO was in the name of Saudi Aramco, which had raised $25.6 billion on the Riyadh Stock Exchange in December 2019 and its valuation was then estimated at $1.71 trillion. SpaceX has surpassed this record by a huge margin by raising $75 billion.
However, even after such a huge valuation, SpaceX may have to wait a while to join the US market’s leading index S&P 500, as it is required to meet some technical and time limit related rules.
