SpaceX has gone public with a massive IPO that values the company at over $1 trillion, making Elon Musk the world's first trillionaire. The company raised significant capital through the offering, with shares opening at $150 each, and also secured a $4 billion contract for missile-tracking satellites. The IPO represents a major milestone in commercial space exploration and raises questions about the risks and implications of Musk's growing influence across multiple industries.
Background
SpaceX, founded by Elon Musk in 2002, is a private aerospace manufacturer and space transportation company that has revolutionized the space industry with reusable rocket technology. The company's decision to go public marks a significant shift in the commercial space sector, which has traditionally been dominated by government agencies.
- Source
- The Verge
- Published
- Jun 12, 2026 at 10:35 PM
- Score
- 7.0 / 10