SpaceX Raises Record $85.7 Billion in Largest IPO, Making Elon Musk a Trillionaire

SpaceX completed the largest initial public offering in history, raising a record $85.7 billion and valuing the company at over $2 trillion, which officially elevated Elon Musk to trillionaire status. The shares debuted at $135 per stock but surged nearly 20% on the first trading day, closing at approximately $161 and making SpaceX the sixth-largest publicly traded company in the United States. While the IPO was hailed as a triumph with robust retail investor interest and minimal volatility, the stock faced immediate scrutiny and a pullback that sparked rising short-selling activity in the days following its market debut. This historic market entry signals a major shift in the aerospace industry, affecting investors globally and positioning SpaceX for a significant growth phase funded by the massive capital influx.