SpaceX shares debuted on the Nasdaq with a valuation exceeding $2 trillion, according to reports from RTVE.es and EL PAÍS. The initial public offering, described as the largest in history, saw shares start at $150 and rise up to 25%, making Elon Musk the first trillionaire in history, according to El Mundo and Expansión.
- Market Valuation: Surpassed $2 trillion.
- Initial Share Price: $150.
- Exchange: Nasdaq.
- Price Surge: 20% to 25% increase.
- Wealth Impact: Elon Musk becomes a trillionaire; 4,000 employees become millionaires.
How did SpaceX perform during its Nasdaq debut?
The company’s entry into the public market triggered an immediate price surge. Shares began trading at $150, according to El Mundo. From that baseline, the stock climbed rapidly, with EL PAÍS reporting a 20% increase and Expansión noting gains of up to 25%.
RTVE.es characterized the event as the largest initial public offering in history. This market activity pushed the total valuation of the aerospace company past the $2 trillion mark, a figure corroborated by both RTVE.es and EL PAÍS.
Who benefited most from the IPO?
The financial windfall extends beyond the company’s founder. According to Xataka, the IPO will turn approximately 4,000 SpaceX workers into millionaires.
For Elon Musk, the valuation shift marks a historic milestone. El Mundo reports that the surge in share value has established Musk as the first trillionaire in history.
