SpaceX to list on US stock market at historic $1.77tn valuation
www.theguardian.com
Initial public offering for aerospace and AI company made Musk the world’s first trillionaire as share prices jumped

SpaceX made the biggest stock market debut in history on Friday after nearly two and a half decades as a private company.

Public trading began around midday with a starting share price of $150, which quickly jumped by a double digit percentage and sent the company’s valuation above $2tn, where it remained through market close.

The company’s initial public offering made the company’s CEO, Elon Musk, the world’s first trillionaire.

  • kescusay@lemmy.world
    53·
    2 days ago

    And given that this garbage isn’t profitable and has no hope of becoming profitable, he’s soon to be the world’s first former trillionaire.

    • ZapBeebz_@lemmy.world
      21·
      2 days ago

      No he’ll sell enough to not fall below and leave everyone else’s retirement savings holding the bag. Fucking ghoul.

    • UniversalBasicJustice@lemmy.blahaj.zone
      44·
      2 days ago

      I fucking hate Musk but in what world is SpaceX unprofitable? If you’re talking about xAI then I’ll agree with you, but with the access to space and starlink/starshield wrapped up in it SpaceX is positioned as the most likely of the AI companies to receive a government bailout when the balloon pops.

      • The_Decryptor@aussie.zoneEnglish
        10·
        2 days ago

        I fucking hate Musk but in what world is SpaceX unprofitable?

        Ours?

        SpaceX made a loss of $4.9bn in 2025 on revenues of $18.7bn, so it is being priced on arrival on the US Nasdaq market at almost 100 times those revenues.

        That’s the reason the S&P 500 index isn’t buying their stock, they’ve got a rule that the company has to be profitable first.

      • CorrectAlias@piefed.blahaj.zoneEnglish
        4·
        2 days ago

        SpaceX has not made a profit. Starlink loses them money, too, partially because using LEO has the very wasteful con where the amount of drag makes them fall back to earth.