SpaceX (NASDAQ SPCX) Opens at $150, Elon Musk Becomes World's First Trillionaire

SpaceX opened its first day of trading at USD 150 per share on Nasdaq on 12 June 2026, an 11.1 percent premium to its USD 135 IPO price. Trading turnover exceeded USD 11.4 billion on debut day. The opening price pushed SpaceX's market capitalisation to USD 2.05 trillion, making it immediately the eighth-largest company in the United States by market value, surpassing Broadcom, Tesla, and Meta at the open.

The opening also confirmed what had become arithmetically certain the night before: Elon Musk is now worth more than USD 1 trillion, becoming the first individual in recorded human history to hold that much wealth. The milestone was technically crossed on 11 June when SpaceX priced its IPO at USD 135, crystallising Musk's stake at a value that, when added to his Tesla holdings, crossed the USD 1 trillion mark. The first trade at USD 150 took that figure higher still.

The Numbers

Metric	Figure	Context
IPO price	USD 135 per share	Fixed price set 11 June 2026
Opening trade	USD 150 per share	11.1% above IPO price; trading delayed 20 minutes to 9:50 AM ET for order matching
Day-one trading turnover	USD 11.4 billion	Among the largest first-day volumes in NYSE/Nasdaq history
Market cap at open	USD 2.05 trillion (approx Rs 1.72 lakh crore crore)	8th largest US company; above Tesla and Meta at open
Musk's net worth	Above USD 1 trillion (first individual in history)	Pre-IPO net worth approx USD 788.8 billion per Forbes; SpaceX pricing crossed the threshold
Musk's SpaceX stake	Approximately 42 to 43%	Subject to 366-day lockup; cannot sell SPCX shares for over a year
Crypto perps at open	SPCX-USDC contract at approx USD 162 on Hyperliquid, down from USD 176 earlier	USD 322.5 million in 24-hour volume; open interest over USD 293 million

The Trillionaire Milestone: What It Actually Means

No individual in recorded history has previously held USD 1 trillion in wealth. Not John D. Rockefeller at the height of the oil era. Not Jeff Bezos at Amazon's peak. Not any emperor, monarch, or industrialist whose wealth has been estimated by historians. The scale is genuinely without precedent.

The Forbes and Reuters calculations that confirmed the milestone note that more than 90 percent of Musk's wealth is locked equity. His Tesla stake is worth approximately USD 455 billion. His SpaceX stake, now publicly priced for the first time, accounts for most of the rest.

Musk himself noted on X in February 2026 that he holds less than 0.1 percent of his net worth in cash. The trillion-dollar figure is largely notional until shares are sold, and Musk is subject to a 366-day lockup on his SPCX shares, longer than the standard 180 days. He cannot sell SPCX stock for over a year.

For context: Musk's USD 1 trillion-plus fortune now exceeds the combined wealth of the four next-richest people on Earth. Larry Page sits second globally at approximately USD 300 to 334 billion. Sergey Brin is third at approximately USD 285 billion. The gap between first and second on the global wealth list is now wider than the entire net worth of anyone ranked second through fifth.

What the USD 150 Open Means for the AI IPO Cycle

The Nasdaq debut was delayed by 30 minutes to 9:50 AM ET due to the intensity of order matching. The USD 150 opening, while strong, came in below the USD 162 to USD 175 range that crypto perpetual futures had been implying earlier in the morning, suggesting the orderbook settled to a more conservative clearing price than peak speculative demand indicated.

The clean, above-IPO-price open carries a direct message for Anthropic and OpenAI, both of which are watching today's session as a readout on public market appetite for high-multiple AI infrastructure stories. An orderly debut at USD 150 is the scenario most analysts described as the healthiest outcome for the broader 2026 AI IPO cycle: strong enough to validate the sector premium, measured enough to avoid a euphoric spike that would create unrealistic price expectations for subsequent listings.

Rocket Lab shares were up approximately 30 percent intraday in the run-up to the open. AST SpaceMobile and Planet Labs also traded higher as the sector halo effect extended across the listed space economy. EchoStar, which owns an estimated 3 percent of SpaceX stock, rose 5 percent in early Friday trading.

For Indian Investors

SPCX is now a listed, publicly traded equity on Nasdaq. Indian resident investors can buy it through the LRS route via an international brokerage, subject to the USD 2,50,000 per year cap and 20 percent TCS on remittances above Rs 7 lakh. Capital gains are taxed at the applicable slab rate, not at 12.5 percent LTCG. At USD 150, one share of SPCX costs approximately Rs 12,630 at current exchange rates.

For those who did not receive an IPO allocation at USD 135, the practical question is whether USD 150 and USD 2.05 trillion represents fair value, overvaluation, or still an opportunity at a 24-year-old company with a near-monopoly on orbital launches, the world's fastest-growing satellite internet business, and a nascent AI infrastructure segment. That question does not have a single answer today, and it will be tested further when SpaceX reports its first public quarterly earnings, expected around September 2026.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. All figures are based on publicly available data as of 12 June 2026 and subject to change. Consult a SEBI-registered financial adviser before any investment decision.