SpaceX IPO closes up 19% and delivers the world’s first trillionaire

SpaceX closed its first trading day up 19% at $160.95 after pricing its IPO at $135, briefly hitting $176 and nearing a $2.3T market cap. Demand was fueled by an oversubscribed offering, a limited public float, pending index inclusion, and heavy retail trading activity. The IPO created huge gains for venture backers and reportedly made thousands of employees millionaires.

The debut shows how scarce float and rapid index inclusion can amplify demand for high-profile tech listings. SpaceX’s valuation also reinforces investor appetite for space infrastructure as a mainstream public-market category, while concentrating extraordinary wealth among founders, employees, and early VC funds.

The company made its heavily anticipated debut on Friday, trading higher than its initial $135 IPO price.