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Fortune
Fortune
Anastasia Atamanchuk

SpaceX created a new class of ultrawealthy. Here’s what comes next

SpaceX California
s (Credit: Dominika Zarzycka/NurPhoto via Getty Images)

At SpaceX’s market debut on June 12, the perfect trade already looked obvious. Shares priced at $135, valuing the company at roughly $1.8 trillion, and closed near $161, pushing its market capitalization above $2.1 trillion. Four days later they reached $225.64, and for one brief week the chart resembled the trajectory of one of the company’s own rockets.

Then gravity returned.

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