SpaceX stock jumps after record IPO, making Musk the first trillionaire

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a crowd of people gather in front of a sign that reads https://i.cbc.ca/ais/2355e8da-547b-4781-b9df-e08941de8a64,1781281436658/full/max/0/default.jpg?im=Crop%2Crect%3D%280%2C456%2C5497%2C3092%29%3BResize%3D%28620%29" title="Gwynne Shotwell, President and COO of SpaceX, third from right, celebrates with colleagues during a bell ringing ceremony for the IPO of SpaceX at the Nasdaq MarketSite in New York, Friday, June 12, 2026, in New York." width="620" />

SpaceX jumped over 20 per cent in its Nasdaq debut on Friday, making the company worth more than $2 trillion US, and leading Forbes to estimate CEO Elon Musk's net worth at $1.1 trillion US. It's expected to be included in the Nasdaq 100 within weeks, making it a major holding for passive funds and ETFs that track the index.

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