SpaceX Shares Surge on First Trading Day, Elon Musk's Net Worth Surpasses $1 Trillion

(CNA, New York, Dec. 12 - International News) Following the largest initial public offering (IPO) in history, shares of Elon Musk's space exploration company, SpaceX, surged on their first day of trading, making the entrepreneur the first person in the world to surpass a net worth of $1 trillion. Musk reaffirmed his vision of leading humanity to Mars.

As of 12:50 a.m. Taipei time on December 13, SpaceX's stock price had risen over 25% to approximately $169.50 per share.

This landmark IPO raised over $75 billion in funding. If underwriters exercise their option to purchase an additional 83 million shares, total proceeds could exceed $86 billion. Market analysts expect this success to trigger a wave of upcoming AI company IPOs in the coming months.

Originally a rocket company, SpaceX has evolved into an AI and satellite communications group. Its Nasdaq listing marks the culmination of weeks of intense investor enthusiasm.

Speaking at an event in Starbase, Texas, Musk said, "SpaceX aims to take you to the Moon, to Mars, and ultimately beyond. With this outstanding team, I am confident we can make this dream a reality for everyone."

According to filings with U.S. regulators, SpaceX issued over 555 million shares at $135 per share, valuing the company at nearly $1.8 trillion.

Following today's price surge, SpaceX's market capitalization reached approximately $2 trillion, placing it among the top 10 most valuable companies in the United States—surpassing Tesla, Meta Platforms, and Walmart.

Founded by Musk in 2002, SpaceX has grown into a major satellite operator and has integrated AI firm xAI and social media platform X into its corporate group.

SpaceX is the first major AI-powered company to officially enter public markets, marking a historic milestone.

This achievement solidifies Musk's position as the world's richest individual, with wealth far exceeding that of any other billionaire. (Compiled by Hsu Jui-cheng) 1150613

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