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$SPCX SpaceX's first day of trading surges 29%! Elon Musk becomes the world's first trillionaire! Congratulations and prosperity!
The world's largest IPO is here! On the evening of June 12, Beijing time, Musk's SpaceX officially listed on NASDAQ. The opening price was $174, a 29% jump from the offering price.
How fierce was this listing? It raised $75 billion, with a market value directly reaching $1.77 trillion—surpassing Tesla and becoming the seventh-largest publicly traded company in the U.S. Some analysts have set a target of $2 trillion.
But there are also many doubts. Famous short-seller Chanos bluntly said: This trillion-dollar valuation is all based on "dreams," with no fundamentals. Data shows that SpaceX's full-year revenue in 2025 is $18.67 billion, but it lost $4.94 billion. Founded 24 years ago, with cumulative losses of about $41.3 billion. Among its three main businesses, only "Starlink" is profitable.
However, the wealth feast is real. Early investor Founders Fund invested $600 million, now valued at over $50 billion. Among SpaceX employees, it is estimated that about 4,400 millionaires will be created, with 400 having a net worth of over $17.7k.
What about Musk himself? Based on the offering price, his net worth has already reached $988 billion. An increase of just 2.2% at the opening would push him past the trillion-dollar mark—this step was easily achieved right at the opening.