Elon Musk led SpaceX raises USD 75 billion in IPO, Musk set to become world's first trillionaire
Texas, June 12
Elon Musk led SpaceX on Thursday raised $75 billion in its IPO, valuing Elon Musk's company at around $1.77 trillion reported Axios. The SpaceX IP is the largest in the US and will be followed by two Artifical Intelligence behemoths OpenAI and Anthropic which go public later. With the IPO Elon Musk will become the world's first trillionaire today.
According to a CNBC report which cited filings made with the Securities and Exchange Commission SpaceX is selling 555.6 million shares for $135 a piece. The deal makes the company the seventh most-valuable U.S. company, ahead of Tesla, also owned by Musk.
SpaceX's Nasdaq debut will come Friday. In its prospectus filed with the US SEC SpaceX said that revenue increased 15% to $4.69 billion in the first quarter from $4.07 billion a year earlier. The company also recorded a net loss in the latest quarter of $4.28 billion after losing $4.94 billion in 2025.
CNBC reported that the offering serves as a bellwether for other massive tech offerings, including Anthropic and OpenAI. Both artificial intelligence start-ups approach valuations of USD 1 trillion. Once the stock begins trading, investors who didn't participate in the IPO or didn't receive an allocation can buy shares on a public stock exchange
According to a New York Times report, Musk, who controls a 50 per cent stake in SpaceX, will see his holdings valued at just over USD 752 billion. Regulatory filings show Musk cannot sell some shares until the company hits specific operational milestones.
Musk controls more than 85 per cent of SpaceX shareholder votes through super-voting shares. The company will use the capital to fund orbital data centers, a lunar factory, and Mars expeditions.
Besides Tesla and SpaceX, Musk has co-founded five other companies, including tunneling startup The Boring Company and brain implant maker Neuralink.
On May 23, SpaceX successfully launched the twelfth test flight of its next-generation Starship on Friday evening (local time), marking the first-ever flight of the upgraded Starship and Super Heavy Version 3 vehicles and the debut of the company's new Raptor 3 engines.According to the SpaceX press release, the mission lifted off from Starbase, Texas, at 5:30 pm CT and also marked the first Starship launch from the company's new Pad 2 facility.
— ANI
Reader Comments
All this money and still SpaceX posts a loss of over $4 billion? Something doesn't add up. It's like we're all caught in a hype bubble. India's ISRO does amazing work on a fraction of that budget—Musk's Mars dreams are cool but let's not forget real innovation doesn't always need a trillionaire.
As an investor, I'm watching this closely. The IPO valuation at $1.77 trillion seems aggressive given the net losses, but Musk's vision for Mars colonies and orbital data centers could disrupt everything. Indian techies should pay attention—there's a whole new economy being built up there. Imagine the job opportunities for our engineers! 🚀
Yaar, the wealth gap is already massive, and now one person is worth a trillion dollars. Meanwhile in India, farmers are protesting for MSP and kids study under streetlights. I'm not against innovation, but this level of concentration of wealth feels wrong. The IPO should have been regulated to protect small investors.
Bhai, this is history in the making! From a startup to building lunar factories and Mars missions—Musk is what happens when you combine vision with execution. India should learn from this: we have brilliant minds but our bureaucracy kills innovation. If we had a fraction of this risk-taking culture, our startups would be competing globally.
Interesting how Musk's super-voting shares give him control over 85% of votes despite owning 50% equity. That's a red flag for corporate governance. But from a tech perspective, SpaceX's Raptor 3 engines
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