SpaceX Shares Close Up 19% After Historic IPO Makes Musk World’s First Trillionaire

BreakingBusinessSpaceX Shares Close Up 19% After Historic IPO Makes Musk World’s First TrillionaireByAntonio Pequeño IV,Forbes Staff. Pequeño is a breaking news reporter who covers tech and more.Follow AuthorJun 12, 2026, 04:11pm EDTToplineSpaceX shares closed up 19% on Friday following its highly anticipated initial public offering, which became the largest IPO of all time and sent Elon Musk’s net worth soaring into trillionaire status.SpaceX's initial public offering was held Friday morning.Photo by Spencer Platt/Getty ImagesKey FactsSpaceX, which opened trading at $150 per share, closed up 19% at $160.95 per share.Initial projections forecast a $175 opening for SpaceX, which would have marked a 30% increase for its stock, according to CNBC and The Wall Street Journal.SpaceX finalized its IPO price at $135 per share on Thursday even as investor orders reportedly topped $100 billion before it went public.The IPO made Musk the world’s first trillionaire, with his estimated net worth reaching $1.1 trillion by the end of trading Friday. 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-f72f8d8ef40a'; script.setAttribute('defer', '1'); script.setAttribute('type', 'text/javascript'); iframeDoc.body.appendChild(script); }; document.head.appendChild(iframe); const preloadResourcesEndpoint = 'https://cds.elements.video/a/preload-resources-ovp.json'; fetch(preloadResourcesEndpoint, { priority: 'low' }) .then(response => { if (!response.ok) { throw new Error('Network response was not ok', preloadResourcesEndpoint); } return response.json(); }) .then(data => { const cssUrl = data.css; const cssUrlLink = document.createElement('link'); cssUrlLink.rel = 'stylesheet'; cssUrlLink.href = cssUrl...