Elon Musk's stake in SpaceX is now worth over $1 trillion, driven by a 37% share price surge following the company's historic stock market debut last week. The debut priced shares at $135, catapulting the private space firm into the ranks of the world's most valuable companies.
The milestone underscores SpaceX's transformation from a startup focused on reusable rockets into a dominant force in space transportation and satellite communications. Its valuation now exceeds that of established industrial giants, reflecting investor appetite for high-growth aerospace ventures.
Shares opened at $135 and have since climbed sharply, adding hundreds of billions to the company's market capitalization. The precise number of shares outstanding was not disclosed, but the surge places Musk's personal holdings among the largest single-company fortunes globally.
Other billionaire shareholders have also seen substantial gains, though their identities and exact stakes remain largely private. The run-up signals strong market confidence in SpaceX's future revenue streams, including its Starlink satellite internet business and NASA contracts.
The extent to which insider selling may follow the post-debut rally remains an open question, with no public filings yet detailing major transactions by large investors.