SpaceX soars 23% in Wall Street debut and makes Elon Musk the first trillionaire

Business

Finance

June 12, 2026

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SpaceX soars 23% in Wall Street debut and makes Elon Musk the first trillionaire

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NEW YORK (AP) — Shares of SpaceX soared 23% in their Wall Street debut on Friday, making the rocket maker’s CEO Elon Musk the first-ever trillionaire.

The shares opened at $150 and kept rising, reaching $166.90 around 12:.20 p.m. ET. That price gave the company a market value of $2.18 trillion.

Forbes is now estimating Musk’s net worth at $1.1 trillion.

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Sourced from Jamaica Gleaner. Visit their website to read the full story.

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