Elon Musk's net worth reached approximately $1.3 trillion after SpaceX stock rose roughly 20% on its second full trading day. The single-session gain added about $165 billion to his fortune. The surge followed SpaceX's Nasdaq debut under ticker SPCX at $135 per share, raising about $75 billion at a $1.77 trillion valuation. The offering was four times oversubscribed with more than $350 billion in demand. Shares climbed to $229.40, briefly pushing SpaceX's market cap above $3 trillion in the largest IPO in history.
SpaceX IPO Draws Institutional Buyers and Hits $3 Trillion Market Cap
SpaceX debuted on the Nasdaq under ticker SPCX after pricing its IPO at $135 per share, raising about $75 billion at a valuation near $1.77 trillion. The offering was reportedly four times oversubscribed, drawing more than $350 billion in demand against the planned raise. By Monday's close, shares had climbed as high as $229.40, briefly giving SpaceX an indicated market cap above $3 trillion. The company closed its first trading day valued at about $2.1 trillion and ranked among the largest U.S. companies by market value within hours of listing.
Cathie Wood's ARK Invest bought nearly 3.3 million SpaceX shares across three exchange-traded funds shortly after trading began. She cited exposure to Starlink broadband, rocket reusability, and the company's artificial intelligence-linked infrastructure plans as her primary motivators. An 8% jump earlier in the week tested a $2.28 trillion market cap.
Investor Anthony Pompliano stated on X: "SpaceX hit $3 trillion market cap today. This means Elon Musk made more money in the last 24 hours than Warren Buffett made in his entire lifetime."
At roughly $1.3 trillion, Musk's fortune is worth around 65% as much as the next nine richest people combined. The bulk of that wealth is now tied to SpaceX. The one-day gain of about $165 billion exceeded Bill Gates' entire net worth.
SpaceX Holds 18,712 BTC as Wall Street Tracks Corporate Bitcoin Treasury
SpaceX holds 18,712 BTC, putting the company on Wall Street's radar as one of the largest corporate holders of bitcoin. Combined with Tesla's 11,509 BTC, Musk-linked firms control more than 30,000 BTC. Crypto asset manager Grayscale had predicted in May that SpaceX was poised to become the most valuable public company holding BTC once it went public.
Skeptics Question SpaceX Valuation Sustainability
Skeptics argue that SpaceX's valuation has outrun its fundamentals, comparing the broadband-heavy business unfavorably to early Amazon and warning that the premium could compress once post-IPO momentum fades and lockup-driven selling emerges. A theory among crypto traders suggests that IPO mania across SpaceX, OpenAI, and Anthropic is draining cash from digital assets, as investors chase equity exposure to the same growth narratives that once flowed into tokens.
Buying SPCX at last week's debut would have already outperformed five years of holding ETH, a comparison that has not gone unnoticed among traders weighing where the next wave of capital will flow.
FAQ
What did SpaceX's stock do on its second trading day?
SpaceX stock rose roughly 20% on its second full trading day, lifting shares to as high as $229.40 and briefly pushing the company's market cap above $3 trillion.
How much Bitcoin does SpaceX hold?
SpaceX holds 18,712 BTC. Combined with Tesla's 11,509 BTC, Musk-linked firms control more than 30,000 BTC.
Why was SpaceX's IPO considered significant?
SpaceX priced its IPO at $135 per share, raising about $75 billion at a valuation near $1.77 trillion. The offering was four times oversubscribed with more than $350 billion in demand, making it the largest IPO in history.
