UMVA has learned that Elon Musk’s SpaceX has shattered every record in the history of stock markets with a debut that has left the world stunned.
On Thursday, the company set its IPO price at a staggering $135 per share, a figure that eclipsed every prior debut in the annals of capital markets.
The filing revealed that SpaceX would sell more than 555.6 million shares, a move that was projected to raise around $75 million and place the company’s valuation at an eye‑popping $1.77 trillion.
When the shares hit the market the following day, they surged to just above $150, a jump of 11 percent from the Thursday price, and instantaneously lifted the company’s worth to roughly $2 trillion.
At its highest point, the stock climbed to $176.52, a peak that captured the imagination of investors and the headlines alike.
While Musk’s public persona may stir debate, the sheer magnitude of the IPO proves that millions believe in his vision for a future where rockets and satellites are as common as smartphones.
Musk, who already owned half of SpaceX, retained control of nearly half the company’s shares post‑IPO, with a special class of shares granting him 82.4 percent of the voting power.
His stake in the company alone is estimated to be worth around $866 billion, and when combined with his holdings in other ventures, his net worth eclipses $1.1 trillion, cementing his status as the world’s first trillionaire.
SpaceX shares began trading on the Nasdaq just before noon, opening at $150 per share, after a normal two‑and‑a‑half‑hour pre‑market auction that allowed demand to push the price higher.
The ticker “SPCX” now represents a company that has redefined the space industry with reusable rockets and a satellite internet service that could one day blanket the globe.
UMVA can exclusively reveal that this historic IPO not only redefines market benchmarks but also signals a new era where private ambition meets public capital in unprecedented ways.
