Spacex's Historic IPO Launches Musk Toward Trillionaire Status

WHO:

CBS News - Elon Musk is the founder of SpaceX and has become the world's first trillionaire.

CBS News - Larry Page, co-founder of Google, is the second-richest person, worth an estimated $288 billion.

CBS News - Oxfam America senior director of economic justice Nabil Ahmed commented on Musk's wealth.

WHAT:

[9:16 AM EDT] - CBS News - SpaceX's shares will trade under the ticker symbol "SPCX."

[9:06 AM EDT] - Fast Company - SpaceX's IPO includes an option for underwriters to purchase an additional 83,333,333 shares within 30 days.

[9:06 AM EDT] - Fast Company - SpaceX's IPO is nearly three times larger than the previous record held by Saudi Aramco, which raised nearly $25.6 billion in 2019.

[9:06 AM EDT] - Fast Company - SpaceX sold 555,555,555 shares in its IPO.

[9:06 AM EDT] - Fast Company - SpaceX's IPO has generated over $100 billion in retail orders.

[9:06 AM EDT] - Fast Company - SpaceX's market valuation is approximately $1.77 trillion.

[9:06 AM EDT] - Fast Company - SpaceX's IPO is confirmed to take place on June 12, 2026.

[9:16 AM EDT] - CBS News - Musk's wealth increased to just over $1 trillion after the IPO, up from an estimated $813 billion before the IPO.

[9:06 AM EDT] - Fast Company - SpaceX's IPO is expected to make 4,400 employees millionaires, according to the New York Times.

[9:06 AM EDT] - Fast Company - SpaceX's IPO includes an option for underwriters to purchase an additional 83,333,333 shares within 30 days.

[9:06 AM EDT] - CBS News - SpaceX's IPO has generated over $100 billion in retail orders, indicating strong investor interest.

[9:06 AM EDT] - CBS News - SpaceX's market valuation is approximately $1.77 trillion, making it one of Wall Street's most valuable companies.

[9:06 AM EDT] - Fast Company - SpaceX's IPO is nearly three times larger than the previous record held by Saudi Aramco, which raised nearly $25.6 billion in 2019.

[9:16 AM EDT] - CBS News - Musk's pre-IPO stake in SpaceX was valued at $500 billion, and the IPO sale increased the value of his shares by an additional $192.3 billion.

[9:06 AM EDT] - Fast Company - SpaceX's IPO includes an option for underwriters to purchase an additional 83,333,333 shares within 30 days.

[9:06 AM EDT] - CBS News - SpaceX's IPO has generated over $100 billion in retail orders.

[9:06 AM EDT] - CBS News - SpaceX's market valuation is approximately $1.77 trillion.

[9:06 AM EDT] - Fast Company - SpaceX sold 555,555,555 shares in its IPO.

[9:06 AM EDT] - CBS News - The IPO could make about 4,400 SpaceX employees millionaires.

[9:16 AM EDT] - CBS News - Musk's stake in SpaceX is worth $648 billion at the IPO price of $135 per share.

[9:16 AM EDT] - CBS News - Musk's stock options are valued at an additional $44.3 billion.

[9:06 AM EDT] - CBS News - SpaceX's IPO has surpassed the previous record held by Saudi Aramco, which raised nearly $26 billion in 2019.

[9:06 AM EDT] - CBS News - SpaceX's IPO has generated over $100 billion in retail orders.

[9:06 AM EDT] - CBS News - SpaceX's market valuation is approximately $1.77 trillion.

[9:06 AM EDT] - Fast Company - SpaceX's IPO includes an option for underwriters to purchase an additional 83,333,333 shares within 30 days.

CBS News - SpaceX priced its initial public offering (IPO) at $135 per share.

CBS News - The IPO raised $75 billion, making it the largest IPO in history.

CBS News - SpaceX's market valuation is approximately $1.77 trillion.

Fast Company - SpaceX sold 555,555,555 shares in its IPO.

Fast Company - Musk owns 4.8 billion shares of SpaceX, approximately 42% of the company.

CBS News - Musk's stock options are valued at $44.3 billion.

CBS News - The IPO could make about 4,400 SpaceX employees millionaires.

WHERE:

CBS News - SpaceX is based in Texas and will trade on the Nasdaq Global Select Market and Nasdaq Texas.

WHEN:

CBS News - SpaceX shares are set to begin trading on a Friday after the Nasdaq Composite index opens at 9:30 a.m. ET.

Fast Company - The IPO is confirmed to take place on June 12, 2026.

WHY:

CBS News - The funds raised from the IPO will finance SpaceX's plans, including establishing a human colony on Mars and solar-powered data centers in space.

HOW:

[9:06 AM EDT] - CBS News - SpaceX's underwriters include Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup, and J.P. Morgan, among others.

CBS News - The IPO received more than $100 billion in retail orders, indicating strong investor interest.

Fast Company - SpaceX's underwriters include Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup, and J.P. Morgan.

(UPDATED June 12, 2026 21:28 UTC)

SpaceX is set to make headlines with its initial public offering, confirmed to take place on June 12, 2026, and will trade under the ticker symbol "SPCX." The company has sold 555,555,555 shares in this IPO, which is nearly three times larger than the previous record held by Saudi Aramco, raising over $100 billion in retail orders and bringing its market valuation to approximately $1.77 trillion. Underwriters for this monumental offering include major financial institutions like Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup, and J.P. Morgan.

(UPDATED June 12, 2026 19:35 UTC)

SpaceX's initial public offering has made waves on Wall Street, generating over $100 billion in retail orders and valuing the company at approximately $1.77 trillion, making it one of the most valuable companies in the market. Following the IPO, Elon Musk's wealth surged to just over $1 trillion, a significant jump from an estimated $813 billion prior to the offering, while around 4,400 SpaceX employees are expected to become millionaires as a result. The IPO is nearly three times larger than the previous record set by Saudi Aramco in 2019, and underwriters for this monumental event include major financial institutions like Goldman Sachs and J.P. Morgan.

(UPDATED June 12, 2026 17:48 UTC)

SpaceX's initial public offering has been a significant success, generating over $100 billion in retail orders and valuing the company at approximately $1.77 trillion. Elon Musk's pre-IPO stake was valued at $500 billion, and the IPO sale increased the value of his shares by an additional $192.3 billion, while the offering included an option for underwriters to purchase an additional 83,333,333 shares within 30 days. With 555,555,555 shares sold in the IPO, it is estimated that around 4,400 SpaceX employees could become millionaires as a result.

(UPDATED June 12, 2026 16:00 UTC)

SpaceX's initial public offering has made waves by surpassing the previous record held by Saudi Aramco, raising over $100 billion in retail orders and achieving a market valuation of approximately $1.77 trillion. At the IPO price of $135 per share, Elon Musk's stake in SpaceX is valued at an impressive $648 billion, with his stock options adding another $44.3 billion to that total. The IPO also includes an option for underwriters, including major firms like Goldman Sachs and J.P. Morgan, to purchase an additional 83,333,333 shares within the next 30 days.

(UPDATED June 12, 2026 13:57 UTC)

Elon Musk has officially become the world's first trillionaire as SpaceX prepares for its historic initial public offering, which is set to take place on June 12, 2026, at a price of $135 per share. This IPO has raised an astonishing $75 billion, making it the largest in history, and will allow SpaceX to pursue ambitious projects like establishing a human colony on Mars and creating solar-powered data centers in space. With a market valuation of approximately $1.77 trillion, Musk owns about 42% of the company, potentially making around 4,400 SpaceX employees millionaires as shares begin trading on the Nasdaq Global Select Market.