June 14, 2026 | Burma Independent Voice
SpaceX, the aerospace venture founded by Elon Musk, successfully closed its debut trading session nearly 20% higher on Friday following the largest Initial Public Offering (IPO) in history. This surge has officially catapulted Elon Musk to the status of the world’s first trillionaire, a milestone he marked by renewing his pledge to lead humanity to Mars.
The blockbuster IPO, which raised over $75 billion, is widely seen as a precursor to an anticipated wave of AI-related IPOs expected in the coming months. Trading on the Nasdaq under the ticker “SPCX,” SpaceX shares surged as much as 31% over the weekend to a peak of $176 before settling at $161.50 by the closing bell.
“SpaceX wants to take you to the Moon, to Mars, and beyond,” Musk told a crowd of employees at a celebratory event held at the company’s Starbase facility in Texas. The successful public debut has reportedly turned a significant number of SpaceX employees into multi-millionaires overnight.
According to regulatory filings submitted to U.S. securities monitors last Thursday, the company initially priced 555 million shares at $135 each, giving SpaceX an initial valuation of nearly $1.8 trillion. However, by Friday’s close, the company’s market capitalization soared past the $2 trillion mark, overtaking corporate giants such as Tesla, Meta (Facebook’s parent company), and Walmart to become one of the top ten most valuable companies in the United States.
Musk founded SpaceX as a rocket company in 2002 and has since expanded it into a massive conglomerate encompassing satellite services, his artificial intelligence venture xAI, and the social media platform X. Wall Street is now closely monitoring the performance of “SPCX” as a bellwether for other high-profile AI competitors, such as OpenAI and Anthropic, which are also rumored to be preparing for public listings this year.
Despite the historic financial success, Musk’s empire continues to face scrutiny. While SpaceX reported 2025 revenues of $18.7 billion, the company remains $4.9 billion in the red due to aggressive capital expenditure on AI technologies. Furthermore, some financial analysts have expressed deep skepticism regarding Musk’s ambitious projections that the company could eventually generate $28.5 trillion in revenue.
The emergence of the world’s first trillionaire has also reignited political debate over wealth inequality. Democratic Senator Elizabeth Warren criticized the milestone, stating, “The world has its first trillionaire while everyday Americans are struggling to save every single dollar for their retirement.”
