SpaceX raised $75 billion in its historic initial public offering, pricing 555.6 million shares at $135 each to achieve a massive $1.77 trillion valuation. The record-breaking market debut attracted more than $70 billion in retail orders alone, cementing its status as the largest IPO of all time and positioning founder Elon Musk on the verge of becoming the world’s first trillionaire,,.
SpaceX’s record-setting $75 billion IPO is officially set to debut on the Nasdaq, pricing at $135 a share for a $1.77 trillion valuation in a monumental test of investor appetite for “strategic tech”.
The European Central Bank hiked its key interest rate to 2.25%, marking its first hike since 2023 as the protracted U.S.-Iran war drives up energy costs. In the U.S., the May Producer Price Index reflected this same energy shock, rising a hotter-than-expected 1.1% to push the 12-month wholesale inflation rate to 6.5%. Markets experienced severe whiplash; the Dow initially plunged over 900 points as U.S. forces launched fresh strikes on Iranian targets and President Trump threatened to seize Kharg Island. However, stocks rallied and oil sank after Trump abruptly canceled Thursday evening’s strikes and claimed a peace settlement was subject to finalization.
In a landmark financial event, SpaceX has officially priced its historic IPO at $135 per share, raising $75 billion and achieving a fully diluted valuation of roughly $1.8 trillion,,. The massive offering, which is over two times larger than Saudi Aramco’s previous record, has triggered massive hype, with the crypto market betting on a 20% first-day surge that could push its valuation to $2.2 trillion,. Meanwhile, early SpaceX employees are reportedly preparing for a massive wealth windfall, driving up demand for California luxury real estate, high-end watches like Rolexes, and private jet charters as they anticipate cashing out,,.
SpaceX executed the largest initial public offering in history, raising $75 billion and ending its first day of trading with a market capitalization of roughly $2.2 trillion. The blockbuster debut delivered a 19% return for IPO buyers and officially turned founder Elon Musk into the world’s first trillionaire.
SpaceX made history with the largest initial public offering on record, raising $75 billion and valuing the rocket maker at nearly $1.77 trillion—a debut that officially crowned CEO Elon Musk as the world’s first trillionaire. The stock surged more than 20% in its Nasdaq debut, signaling massive investor appetite for Musk’s long-term visions of space exploration and orbital AI data centers.
Global equities surged and oil prices tumbled after President Donald Trump announced a framework peace agreement between the U.S. and Iran, which reportedly includes lifting oil sanctions and reopening the Strait of Hormuz within 30 days. U.S. crude futures fell 1.65% to $86.26 per barrel, while the S&P 500 rallied into positive territory for the week. In Asia, South Korea’s Kospi spiked 7% and Japan’s Nikkei 225 jumped 3.4% on the geopolitical optimism. Meanwhile, markets are preparing for next week’s Federal Reserve meeting under new “Chairman” Kevin Warsh, who is widely expected to hold interest rates steady but may implement a “regime change” by sharply reducing forward guidance and Fed speak. In the U.K., the economy unexpectedly shrank by 0.1% in April as skyrocketing fuel costs from the Iran war hammered services and consumer activity.
SpaceX’s historic IPO has valued the company at over $1.77 trillion, propelling Elon Musk to become the world’s first trillionaire. Beyond the record-breaking numbers, a fascinating narrative emerges regarding its ambitious in-orbit AI data centers, which are expected to heavily rely on Chinese supply chains for gallium and polysilicon to manufacture the massive solar arrays required for space operations. As detailed in a CNBeta report on SpaceX’s IPO, the intersection of its $75 billion fundraising and its structural dependence on Chinese manufacturing highlights the complex geopolitical realities of the new space race.
SpaceX’s historic $75 billion initial public offering tested the limits of modern capital markets and propelled founder Elon Musk to become the world’s first trillionaire. Driven by intense retail investor appetite and a strategic rush to list ahead of the US midterm elections and Musk’s 55th birthday, shares surged 19% on their first day of trading. The massive public listing brings the space exploration juggernaut into mainstream mutual funds and 401(k)s, capitalizing on the broader optimism surrounding the artificial intelligence boom.
SpaceX delivered the largest IPO in history, debuting at $150 and closing near $161 to cement a $2.1 trillion market cap and make CEO Elon Musk the world’s first trillionaire. The historic float raised $75 billion, wiping away fears that the massive equity supply would drain liquidity from the broader market.
The major indexes finished a choppy week on a high note, with the S&P 500 gaining 0.5% Friday for a 0.7% weekly advance. Inflation data came in hot, with the May CPI hitting 4.2% year-over-year largely due to Iran-war-driven oil spikes, though market anxiety was cooled by signals that a U.S.-Iran peace deal could be signed as early as Sunday, potentially reopening the Strait of Hormuz. Investors are now looking ahead to the Federal Reserve’s upcoming policy meeting—the first under Chairman Kevin Warsh—to see how the central bank navigates inflation pressures and President Trump’s push for lower rates.
Elon Musk officially becomes the first trillionaire in human history following SpaceX’s massive $75 billion IPO, valuing the company at over $2 trillion. The historic offering highlights investors’ confidence not just in SpaceX’s dominance in orbital launches, but its strategic pivot towards building a massive space-based AI computing network.
AI regulation is intensifying globally. Following US government cybersecurity concerns, Anthropic has suspended global access to its advanced Claude Fable/Mythos 5 models and begun issuing user refunds. The ban stems from potential jailbreak vulnerabilities that could bypass safety guardrails, a move the company criticized as setting a dangerous precedent for the industry in a related statement. Meanwhile, OpenAI is facing a joint investigation by multiple US State Attorneys General focusing on its advertising policies, handling of consumer data, and protections for minor users, adding to the company’s legal challenges ahead of its planned IPO detailed here.
The U.S. and Iran have officially reached a peace agreement to end their nearly four-month war, triggering an immediate end to the U.S. naval blockade and the reopening of the crucial Strait of Hormuz.
Stock futures surged Sunday night in response to the U.S.-Iran peace deal, with Dow futures climbing 342 points (0.7%) and Nasdaq 100 futures popping 1.4%. The agreement sent oil markets tumbling, pushing U.S. crude down 4.8% to $80.80 per barrel and Brent lower by 3.9% to $83.89. This significant drop in energy prices could alter the inflation outlook just as the Federal Reserve heads into its Wednesday policy meeting—the first under the leadership of new Chair Kevin Warsh. Markets are currently pricing in a 98% probability that the Fed will leave interest rates unchanged as they await Warsh’s forward guidance regarding the recent supply shock and broader inflation trends.