SpaceX\u2019s IPO on Thursday broke Saudi Aramco\u2019s record by becoming the largest in history as the company raised $75 billion. Shares were expected to start trading today at $135, but they actually opened at $150 under the SPCX ticker.<\/p>\n
More volatility ensued in the initial trading minutes, with the newly listed asset going toward $170, where it was stopped, and now sits below $160.<\/p>\n
Nevertheless, SpaceX quickly entered the top 10 global assets by market capitalization of over $2 trillion. It sits at the 9th spot as of press time, above Broadcom\u2019s $1.8 trillion and below TSMC\u2019s $2.2 trillion.<\/p>\n
The company\u2019s public listing and official valuation into the trillions of dollars has skyrocketed Elon Musk\u2019s paper fortune, as the Tesla CEO has also become the world\u2019s first trillionaire.<\/p>\n
BREAKING: Elon Musk officially becomes the world\u2019s first trillionaire as SpaceX, $SPCX<\/a>, stock begins trading. pic.twitter.com\/oSmBxDYuIz<\/a><\/p>\n \u2014 The Kobeissi Letter (@KobeissiLetter) June 12, 2026<\/a><\/p>\n\n The spaceflight, telecommunications, and AI company, founded in 2002, sold 556 million shares yesterday at an initial price of $135 per share. Individual investors were able to request shares from five brokerages: Charles Schwab, Fidelity, SoFi, Morgan Stanley\u2019s E*Trade, and Robinhood.<\/p>\n \u201cAll eligible clients who completed the affirmation process received at least a portion of their requested order,\u201d a Charles Schwab spokesperson said to CNN.<\/p>\n The post Elon Musk Hits Trillionaire Status as SpaceX (SPCX) Debuts on Wall Street<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" SpaceX\u2019s IPO on Thursday broke Saudi Aramco\u2019s record by becoming the largest in history as the company raised $75 billion. Shares were expected to start trading today at $135, but they actually opened at $150 under the SPCX ticker. More volatility ensued in the initial trading minutes, with the newly listed asset going toward $170, […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-179489","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/179489"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=179489"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/179489\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=179489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=179489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=179489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}