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SpaceX's Historic IPO Marks Major Milestone for Investors and Elon Musk

KVIA•Saturday, June 13, 2026 at 1:25 AM•CNN Newsource

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SpaceX's highly anticipated initial public offering (IPO) launched successfully, with shares closing at $160.95, a 19.22% increase from the initial price of $135. This event not only made SpaceX the sixth largest publicly traded company in the U.S. but also solidified Elon Musk's status as the world's first billionaire. The IPO attracted an unprecedented number of retail investors, causing temporary disruptions on trading platforms like Robinhood. Musk expressed his appreciation for SpaceX's employees, many of whom are likely to have become millionaires following the IPO. The company also continues to expand its satellite operations, launching additional Starlink satellites on the same day.

Key Details: • SpaceX shares closed at $160.95 on their first trading day. • Elon Musk's net worth has surpassed $1 trillion, making him the first billionaire. • Retail investors placed a record number of buy orders, causing issues on Robinhood. • SpaceX is now the sixth largest publicly traded company in the U.S. • The company launched additional Starlink satellites on the same day as the IPO.

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