SpaceX's first day as a public company made Elon Musk the first trillion-dollar person, according to Forbes and Bloomberg wealth counts. It did not put $1 trillion in his bank account. It marked the public value of his Tesla and SpaceX stakes after the rocket company started trading.
SpaceX priced its IPO at $135 a share and raised about $75 billion. The stock opened at $150 and closed near $161, which put SpaceX's market value around $2.1 trillion. Forbes put Musk near $1.1 trillion after the debut, while Bloomberg put him near $1.11 trillion.
SpaceX SEC prospectus, Forbes Musk trillionaire analysis, Bloomberg Musk wealth estimate, CNBC SpaceX market debut
SpaceX sold more than launches
SpaceX sold investors more than rockets. It flew about 165 Falcon missions in 2025, more than the rest of the world's orbital launches combined. That pace helped it build Starlink, the satellite internet business that now carries much of the company's revenue.
SpaceX says its connectivity segment, mostly Starlink, brought in about $11.4 billion in 2025. That was roughly 61% of the company's $18.7 billion in revenue. The prospectus says the IPO money will support AI server infrastructure, launch work and Starship.
SpaceX revenue and use of proceeds
Public money adds pressure
SpaceX used to raise money behind closed doors. Public investors now get regular financial reports, risk disclosures and earnings calls. That changes the trade.
Ordinary investors can finally buy a piece of the launch and satellite internet business. But SpaceX also has to prove that a $2 trillion market value can survive slower launches, Starship delays, regulation, satellite costs and whatever happens to the AI server buildout.
