SpaceX Listing Pushes Musk’s Net Worth Past $1 Trillion

Elon Musk-founded SpaceX operates rocket launches, the Starlink satellite internet network and crewed spaceflight services. Its Nasdaq listing brought privately held space assets into public markets. The increase in the value of Musk’s stake lifted his net worth to $1.1 trillion, exceeding the GDP of about 80% of the world’s countries and underscoring the concentration of capital in AI and aerospace.

After the listing, retail buying drove SpaceX shares, trading under the ticker SPCX, up a cumulative 42% by their second trading day and pushed the company’s market value above $2.5 trillion. However, the lofty IPO valuation and the possibility that U.S. 401(k) retirement plans could indirectly bear the risks have prompted investor concerns. The market is now focused on whether revenue and earnings can support the share price.