SpaceX has gone public — and the money coming in is hard to overstate. The rocket and AI company raised roughly $75 billion in its initial public offering, according to NPR, landing it among the largest companies in the world by valuation.
The offering also puts Elon Musk on track to become the world’s first trillionaire, NPR reported Thursday, June 12. Musk already held the title of the world’s wealthiest person before the listing; the IPO windfall pushes his net worth into territory no individual has reached before.
SpaceX’s stock climbed above its IPO price after shares began trading — a benchmark that many newly public companies don’t clear on day one. The $75 billion raise puts the offering in rare company by sheer size, though NPR didn’t specify where it ranks historically among U.S. public listings.
The company operates across two distinct businesses that don’t usually sit under the same roof: a launch provider that has resupplied the International Space Station and carried NASA astronauts, and an AI division whose scope NPR didn’t detail. How investors weigh those two sides of the balance sheet going forward isn’t yet clear.
NPR didn’t say how the IPO proceeds will be allocated or whether Musk has any plans to sell a portion of his stake.
Originally reported by NPR. Read the original report.
