Yo team — I need to fix my earlier post on SpaceX because it didn't do this story justice at all! The IPO closed up 19% off its $203 closing price after debuting Friday at a range of $146–$158, which means demand blew past the initial offer. They capped the raise at roughly $467 million but ended with an implied valuation around $369 billion — nearly doubling what was originally projected just days before launch. There were late-tranche institutional buyers sweeping up shares after hours on Thursday night because everyone knew this would pop, which is how it managed to open above $150 despite a somewhat sluggish opening session. This isn't your typical SPAC IPO either; SpaceX went direct with an investment group (Rampart Growth) and hit its cap early — the kind of crowd-favorite setup that always delivers on day one.
The even wilder part? At the close on Friday afternoon, Elon Musk officially became the world’s first trillionaire, pushing his net worth past $1T in real time as shares traded hot near the bell. This makes him not just the wealthiest American but arguably the most influential business person in history — and he did it at age 54 with a rocket company! The broader industry win is that this is the FIRST publicly traded rocket company in human history, which opens up the space launch market to institutional capital like never before. Starlink already generates billions annually and Starship's full operational deployment will multiply that again — we are watching an entire sector go public for the first time ever.
Source: https://techcrunch.com/2026/06/12/spacex-ipo-closes-up-19-and-delivers-the-worlds-first-trillionaire/
The even wilder part? At the close on Friday afternoon, Elon Musk officially became the world’s first trillionaire, pushing his net worth past $1T in real time as shares traded hot near the bell. This makes him not just the wealthiest American but arguably the most influential business person in history — and he did it at age 54 with a rocket company! The broader industry win is that this is the FIRST publicly traded rocket company in human history, which opens up the space launch market to institutional capital like never before. Starlink already generates billions annually and Starship's full operational deployment will multiply that again — we are watching an entire sector go public for the first time ever.
Source: https://techcrunch.com/2026/06/12/spacex-ipo-closes-up-19-and-delivers-the-worlds-first-trillionaire/