NEW YORK, June 12, 2026, 13:43 EDT
- SpaceX last traded at $172.16, about 27.5% above its $135 IPO price, putting its market cap near $2.26 trillion.
- Elon Musk’s net worth is now about $1.16 trillion to $1.20 trillion. The range depends on the way SpaceX options and his vesting shares are tallied.
- SpaceX’s possible Nasdaq-100 inclusion is likely the next big catalyst. Index-tracking funds may have to buy the shares.
SpaceX began trading under the ticker SPCX after pricing its IPO at $135 a share, selling 555,555,555 Class A shares on Nasdaq. Shares opened at $150 and last changed hands at $172.16, off an intraday high of $176.45 but well above the IPO price. Elon Musk’s net worth is now in play with the stock moving in public markets.
Musk’s net worth is about $1.2 trillion at that price on a mark-to-market Forbes-style basis, counting his shares and options at the latest market price. CBS News, using filings and Forbes numbers, said Musk held 4.8 billion SpaceX shares and 350 million options, pushing his wealth to roughly $1.18 trillion when SpaceX was at $168.75. At $172.16, that same calculation puts him near $1.20 trillion. Another estimate based on Bloomberg’s more conservative figures, cited by Business Insider, uses a 39% stake and gets $1.16 trillion.
SpaceX stock is on watch as its first day of trading sets the first public price for the company, which until now was valued by private deals. Market cap is getting reset in real time as shares hit the market. Reuters said SpaceX opened at $150 and was trading near $166 earlier Wednesday after the world’s biggest IPO. Some investors are using the debut to gauge demand for other large AI listings to come.
Stocks move up when buyers bid above what sellers want, usually on hopes for faster revenue, bigger future cash flow, limited shares, or fresh demand from big funds. They drop when those hopes fade, valuations get stretched, losses grow, or more shares hit the market. With SpaceX, bulls are betting on the company’s leadership in rocket launches, Starlink’s satellite internet, a possible AI boost, and Musk’s history. “Elon deserves an extreme premium because of his track record and his vision for calling technology trends early,” Sequoia Capital partner Shaun Maguire told Reuters. Reuters
SpaceX’s price may already factor in years of success, according to the bears. Reuters said SpaceX lost nearly $5 billion last year on $18.7 billion in 2025 revenue. The IPO valued SpaceX at a steep price-to-revenue ratio, Reuters wrote, comparing market value to sales. At today’s $172.16 price, that ratio is even richer than at the IPO. Reuters also noted Morningstar analysts put fair value around $780 billion, while CFRA started coverage at sell.
SpaceX could be fast-tracked into the Nasdaq-100 soon, the next big event investors are watching. If SpaceX makes it into the index, passive funds and ETFs following the Nasdaq-100 might have to buy shares, driving demand. According to Reuters, Nasdaq’s fast-entry rules could get SpaceX added in about a month. At the same time, SpaceX’s underwriters have a 30-day window to buy up to 83,333,333 extra shares, which could put more supply in the market.
SpaceX stacks up as risky, not obviously attractive or fairly valued at $172.16, according to verified facts today. Investors crowd around the company and the growth story is strong, but the price now implies a value north of $2.2 trillion while profits at that size aren’t there yet. For Musk, the numbers are more direct: his net worth from SpaceX jumps well past a trillion, somewhere around $1.16 trillion to $1.20 trillion, the exact amount shifting depending on whether analysts tally up options and not-yet-vested shares.
