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Now on FM100 :
Cheers to the Weekend

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Saturdays 1-5pm
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Erika Liu
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Realtime News
Home > News > Realtime News
Home > News > Realtime News
SpaceX shares soar 19% on debut
Posted on 2026-06-13 12:07:13
Shares of SpaceX soared 19% in their Wall Street debut, making the rocket
maker's founder and CEO Elon Musk the first-ever trillionaire.

The shares debuted at a target price of $135 a share, opened at $150 ... and
finished the day slightly below $161.

That price gives the company a market value of around $2.1 trillion.

Forbes estimates that Musk, who is also a major shareholder in Tesla, is now
worth $1.1 trillion.

Musk says SpaceX is going public because it needs money to fund its ambitions
of putting satellites and data centers in space and eventually establishing a
colony on Mars.

The $75 billion in proceeds from the IPO tops the previous high of $26
billion for Saudi Aramco's IPO in 2019.

AP_JvW

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