SpaceX priced its initial public offering (IPO) at $135 per share, raising $75 billion and debuting on public markets at a $2.1 trillion valuation, the largest IPO in history. Shares traded under the ticker SPCX surged 19% on the first day, touching an intraday high of $176.52. By the second trading day, the stock climbed another 20%, briefly pushing SpaceX's market capitalization past $3 trillion as shares reached as high as $229.40.
Forbes reported the two-day rally added $165 billion to Musk's personal fortune, bringing his net worth to approximately $1.3 trillion. A separate estimate from Celebrity Net Worth placed the figure at $1.35 trillion. Musk holds roughly 43% of SpaceX, meaning each percentage-point move in the company's stock price carries an outsized effect on his personal balance sheet.
