SpaceX IPO Up 19%, Raises $75B, Makes Musk Trillionaire

Starship Version 3 launch viewed from buoy

Starship Version 3 soft ocean landing.

Credit: SpaceX
Shares of SpaceX closed up 19% in regular trading June 12 after the space and artificial intelligence (AI) giant’s record-setting initial public offering. The debut, which raised $75 billion immediately for SpaceX, resulted in a market capitalization worth around $2.11 trillion. Shares debuted at...
Michael Bruno

Based in Washington, Michael Bruno is Aviation Week Network’s Executive Editor for Business. He oversees coverage of aviation, aerospace and defense businesses, supply chains and related issues.

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