New York: SpaceX made a record-breaking debut on the Nasdaq after pricing its initial public offering at $135 per share, approximately ₹12,866, and raising about $75 billion, approximately ₹7.15 lakh crore, in what has been described as the largest IPO in market history. The company’s shares closed at $160.95, approximately ₹15,338, on their first day of trading, giving the rocket and satellite communications firm a valuation of about $2.1 trillion, approximately ₹200 lakh crore, and pushing Elon Musk’s net worth beyond the $1 trillion, approximately ₹95.3 lakh crore, mark.
The listing marked a defining moment for the commercial space industry and global equity markets, placing SpaceX among the world’s most valuable listed companies. Investor demand was strong throughout the offering, reflecting confidence in the company’s launch business, Starlink satellite internet operations and its broader ambitions in communications, defence-linked services and space exploration.
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Record IPO Reshapes Market Rankings
SpaceX’s IPO raised about $75 billion, approximately ₹7.15 lakh crore, far exceeding earlier landmark listings and setting a new benchmark for public market debuts. The company sold shares at $135 each, approximately ₹12,866, valuing it at roughly $1.75 trillion, approximately ₹166.8 lakh crore, at the IPO price before trading began.
The shares gained sharply after listing and ended the session at $160.95, approximately ₹15,338, taking the company’s market value to about $2.1 trillion, approximately ₹200 lakh crore. The strong debut placed SpaceX close to some of the largest technology companies by market capitalisation and confirmed intense investor appetite for space infrastructure and satellite communications businesses.
Market observers said the listing reflected growing confidence in companies positioned at the intersection of aerospace, communications, artificial intelligence and national security infrastructure. SpaceX’s Starlink network remains central to investor expectations, with analysts viewing satellite internet as a major long-term revenue driver.
Musk Crosses Trillion-Dollar Wealth Threshold
The IPO also produced a historic personal wealth milestone for Elon Musk. Following SpaceX’s market debut, estimates placed Musk’s net worth above $1 trillion, approximately ₹95.3 lakh crore, making him the first individual known to cross that level of personal wealth.
Before the listing, estimates placed Musk’s wealth at around $982.6 billion, approximately ₹93.7 lakh crore, largely driven by his holdings in Tesla and other ventures. After SpaceX’s market debut and the rise in its share price, his total net worth reportedly crossed nearly $1.1 trillion, approximately ₹104.8 lakh crore.
Musk’s wealth is tied heavily to his holdings in SpaceX, Tesla and other ventures. The sharp rise in SpaceX’s valuation after listing significantly increased the value of his stake in the company, adding to gains already accumulated through Tesla and his wider technology portfolio.
Questions Remain Over Valuation and Profitability
Despite the strong market debut, analysts have warned that SpaceX’s valuation will face scrutiny as investors assess its long-term earnings potential. Reports ahead of the listing noted concerns over the company’s losses, high capital requirements and the uncertain timeline for returns from future space economy projects.
SpaceX reportedly recorded a loss of approximately $8.7 billion, approximately ₹82,900 crore, between January 2025 and March 2026. However, this did not appear to weaken investor appetite, as institutional funds and retail investors continued to bet on the company’s long-term growth potential and technological leadership.
Supporters of the valuation point to SpaceX’s dominant position in reusable rocket launches, its expanding satellite internet business and its strategic relevance to governments and commercial customers. Critics, however, argue that the company’s market value already reflects extremely optimistic assumptions about future growth.
For now, the IPO has firmly established SpaceX as one of the most valuable public companies in the world and has created a new wealth milestone for Musk. The coming months are expected to test whether the company can sustain investor enthusiasm as trading stabilises and markets begin measuring its performance against the expectations built into its record valuation.
