Elon Musk Net Worth After SpaceX IPO: World's First Trillionaire? SpaceX IPO Launches Today On Nasdaq

SpaceX IPO has finally arrived, and it is already creating financial history. SpaceX will begin trading on the Nasdaq on June 12, under the ticker symbol SPCX, after putting its IPO price at $135 per share.

The SpaceX IPO stock market debut is currently the talk of the town. With a valuation of approximately $1.77 trillion and total fundraising of $75 billion, it has surpassed Saudi Aramco's record and become the largest IPO in history.

SpaceX IPO Details

According to the company's final prospectus, SpaceX offered around 555.6 million new shares at a fixed IPO price of $135 each. The offering values Elon Musk's space and satellite giant at nearly $1.77 trillion.

SpaceX allocated roughly 30% of the issue around $22.5 billion to retail investors, triple the industry norm.

A group of 21 financial institutions is supporting the public offering, internally referred to as "Project Apex," with five major Wall Street firms including Morgan Stanley, Goldman Sachs, JPMorgan, Bank of America, and Citigroup are leading the transaction.

Elon Musk Net Worth After SpaceX IPO

The biggest headline from the SpaceX IPO may not be the company's valuation but the massive jump in Elon Musk's net worth.
Based on the IPO valuation, Musk's SpaceX stake is estimated to be worth around $866 billion. When combined with his Tesla holdings, valued at more than $350 billion, and stakes in ventures such as xAI and X, Musk's total fortune is estimated at approximately $1.1 trillion to $1.2 trillion.

If those estimates hold, Elon Musk becomes the world's first trillionaire on paper.

Before the SpaceX listing, Forbes estimates suggested that Musk's fortune at around $788.8 billion.

Analyst Targets for SpaceX Stock

Morningstar believes the company may be worth closer to $780 billion, suggesting investors wait for a pullback.
Meanwhile Investor.com, the consensus 12-month target among analysts is around $165 per share,projecting towards roughly 22% upside from the IPO price.

According to a Reuters report, Oppenheimer became the first major brokerage to initiate coverage on SpaceX ahead of its record-breaking $75 billion IPO. "The firm assigned an "Outperform" rating and set a price target of $190 per share, implying a potential upside of about 41% from the IPO price of $135 per share." the report mentioned.

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.