SpaceX Goes Public: Elon Musk Likely to Become World's First Trillionaire Today

Trading in SpaceX shares begins on Nasdaq on 12 June, with the IPO valued at $74.4 billion, the largest public offering of all time. Musk is likely to become the world's first trillionaire.

Today, 12 June, trading in shares of Elon Musk's space company SpaceX begins on the Nasdaq exchange. On this historic trading day, the company is offering investors 555.6 million Class A shares at $135 per share, making the total value of the share offering $74.4 billion.

This figure would make SpaceX's IPO the largest public share offering of all time, surpassing all previous records. The public listing is expected to significantly increase the value of Musk's personal wealth, and according to analysts, there is a strong probability that he will become the world's first trillionaire today.

SpaceX has grown in recent years to become one of the world's most valuable private companies, leading the global commercial space industry with both rocket launches and the Starlink satellite internet service. With public trading on the exchange, the company joins the market as an enterprise that has previously operated on private capital and government contracts.