Everything Elon Musk Said As SpaceX Rang Opening Bell For Its Record-Breaking IPO

BreakingBusinessEverything Elon Musk Said As SpaceX Rang Opening Bell For Its Record-Breaking IPOByAlicia Park,Reporter. I cover markets and tech.Follow AuthorJun 12, 2026, 11:11am EDTJun 12, 2026, 11:11am EDTToplineSpaceX began life as a public company Friday, with founder Elon Musk ringing the Nasdaq's opening bell by video from the company's Starbase, Texas headquarters—flanked by thousands of cheering employees—as the reusable rocket company debuted under the ticker SPCX in the biggest IPO ever recorded. NEW YORK, NEW YORK - JUNE 12: Elon Musk, founder and CEO of SpaceX, speaks via video before the ringing of opening bell at the Nasdaq Marketsite at the launch of the company's initial public offering (IPO) on June 12, 2026 in New York City. (Photo by Spencer Platt/Getty Images)Getty ImagesKey FactsSpaceX priced its shares at $135 apiece late Thursday, selling 555.6 million shares to raise $75 billion—a haul that surpasses Saudi Aramco's 2019 debut (raising roughly $26 billion) as the largest global IPO on record.The $1.77 trillion valuation from its share pricing makes SpaceX the seventh most-valuable U.S. company, ahead of Musk's own Tesla.Initial interest for shares Friday shows the stock opening at up to $175 per share, up 30% from its IPO price. The debut puts Musk on paper at the threshold of becoming the world's first trillionaire, and is expected to mint roughly 4,400 employee millionaires, including about 400 staffers with holdings above $100 million.Musk used his brief remarks to dwell on the long odds he'd once given the company, telling staff he never expected it to survive. if (!window.cnxel) { window.cnxel = {}; window.cnxel.cmd = []; var iframe = document.createElement('iframe'); iframe.style.display = 'none'; iframe.onload = function() { var iframeDoc = iframe.contentWindow.document; var script = iframeDoc.createElement('script'); script.src = '//cd.elements.video/player.js?cid=62cec241-7d09-4462-afc2-f72f8d8ef40...