SpaceX Has Already Completed Its Nasdaq Listing—and Musk Has Become the World's First Trillionaire
When Did SpaceX List on Nasdaq?
SpaceX finalized its IPO offering price at 135 per share on 2026-06-11. The offering comprised 555555555 shares of Class A common stock, and trading began the following day, June 12, on the Nasdaq Global Select Market and Nasdaq Texas under the ticker symbol `SPCX`. Source: SpaceX Investor Relations.
Therefore, the central question raised around May—whether SpaceX would actually complete its Nasdaq listing—has already been answered. The planned process resulted in an actual public listing.
The stock closed its first trading day at 160.95. Compared with the IPO price of 135, that represented an increase of 25.95, or approximately 19.2%. Its market capitalization at the time reached approximately 21000.
Did Elon Musk Really Become the World's First Trillionaire?
Yes. However, it is important to distinguish between whether Musk is currently worth 1 and whether he became the first person in the world to surpass 1 in net worth.
When SpaceX began trading on June 12 and its share price reached 150, Forbes estimated Musk's net worth at approximately 11000. According to Forbes, this marked the first time an individual's net worth had exceeded 1.
However, wealth held in stocks does not mean Musk possesses 1 in cash. Changes in the market value of his holdings in SpaceX, Tesla, and other companies can cause substantial fluctuations in his estimated net worth.
In fact, SpaceX shares experienced significant volatility after the listing. On July 15, the stock fell as low as 132.28 during intraday trading, dropping below its IPO price of 135 for the first time. It closed that day at 135.27.
The Forbes 400 data released on September 15 valued Musk's wealth at 9080, based on stock prices and exchange rates as of September 4. The same data also recorded that Musk briefly became the world's first trillionaire during SpaceX's IPO on June.
In other words, as of September 2026, the more accurate description is not 'Musk could become a trillionaire,' but rather 'Musk already became the world's first trillionaire following SpaceX's listing, although the value of his wealth subsequently fell back below 1.'
What Has Changed Since the 'Listing Is Imminent' Reports of May?
At the time of May 21, the main development was that SpaceX was proceeding with its IPO. The publicly announced schedule targeted a listing on June, so the actual start of trading and the final offering price were still future events.
Three developments have now been confirmed.
First, the listing itself. SpaceX began trading on Nasdaq on June 12.
Second, the offering price. The final IPO price was 135 per share.
Third, whether Musk surpassed 1 in net worth. The rise in SpaceX shares on their first trading day made Musk the world's first recorded trillionaire.
Why Does Musk's Trillionaire Net Worth Keep Changing?
A substantial portion of Musk's wealth is tied to publicly traded stocks and ownership stakes in companies. Therefore, becoming a trillionaire can represent a milestone achieved at a particular moment, but it does not mean his net worth will remain above 1 indefinitely.
Forbes estimated Musk's wealth at approximately 11000 when SpaceX began trading on June 12. However, the Forbes 400 data as of early September valued his wealth at 9080. The difference between the two estimates is 1920. According to the author's calculation, this represents a decline of approximately 17.5% from the earlier estimate of 11000.
Therefore, when checking Musk's current wealth, it is important to distinguish the historical milestone of becoming the world's first trillionaire from an estimate of his net worth on a specific date.
Key Numbers to Watch for SpaceX Now
Because SpaceX has already completed its listing, the questions investors need to consider have changed. Rather than focusing on whether the company will go public, investors should pay closer attention to the share price and valuation of `SPCX`, its financial performance since listing, and whether its actual business results justify its high valuation.
The stock experienced substantial price movements from its first trading day, and just over a month later, it fell below its IPO price during intraday trading. This illustrates why neither a successful listing nor Musk's personal wealth milestone is sufficient to predict the stock's future direction.
When reading news about SpaceX, it is also important to check the article's publication date. Questions such as 'Is SpaceX about to list on Nasdaq?' and 'Will Musk become a trillionaire?' were relevant in May 2026. As of September, however, both events have already taken place and those questions concern developments that are now in the past.
The key issues to monitor now are how SpaceX's valuation has changed since its listing and whether Musk's net worth crosses the 1 threshold again. However, because stock prices and net worth estimates fluctuate continuously, figures from any particular moment should not be interpreted as predictions of future value or investment returns.
※ This article is provided for informational purposes to help readers understand market developments. It does not constitute a recommendation to invest in any particular stock or asset. All final investment decisions and responsibility rest with the individual investor.
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