SpaceX IPO Listing: The IPO of Elon Musk’s rocket, satellite and AI (Artificial Company) SpaceX has had a bumper listing on Nasdaq, the index of tech shares in the American stock market. After this, Musk has now officially become the first trillionaire in history.

SpaceX raised a record $75 billion (about Rs 6.4 lakh crore) from the market through this IPO. Along with this, it also left behind the previous global record of $29.4 billion made by Saudi Aramco in the year 2019.

For how much were the shares listed?

SpaceX shares were listed at $150 per share as against the issue price of $135. That means it was listed with a bumper premium of about 11%. Besides, it also reached the high level of $176 on the very first day. With this bumper start, the total market cap of the company crossed 2 trillion dollars (about 170 lakh crores).

musk richest in the world

Due to this explosive listing, Musk’s wealth increased by more than 188 billion dollars in just one day. According to the lists of Forbes and Bloomberg, after this huge surge in the shares of SpaceX, the total wealth of Elon Musk has crossed 1.1 trillion dollars (i.e. about 94.6 lakh crores).

Musk has about 38%-42% stake and majority stake in this company. Now SpaceX has become Musk’s most expensive company compared to Tesla. The total market value of SpaceX alone is now several times more than the GDP of more than 175 small and big countries in the world like Pakistan.

SpaceX shares surge

After the listing of SpaceX shares, a jump of 19% has been recorded in its shares. This historic listing of the company has made it the most successful IPO in the history of Wall Street. This 19% rise in the stock has taken Elon Musk’s total wealth beyond $ 1.1 trillion. Now SpaceX has joined the club of big tech companies like Microsoft and Apple with a market cap of $2 trillion.

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Elon Musk SpaceX IPO: Baron Capital’s 83-year-old CEO and billionaire investor Ron Baron has placed a huge order of $ 1 billion (about Rs 8300 crore) for the company’s shares even before SpaceX made its debut in the stock market. Baron has also made it clear that he has no plans to sell his stake throughout his life.

He called SpaceX one of the strongest investment decisions of his career. His words came to light during a client call held on June 2, in which about 3000 people participated. These things have created new excitement among investors ahead of SpaceX’s possible Nasdaq debut around June 12. Barron has also estimated the valuation of the company to reach 30 trillion dollars (about 30000 billion dollars) during this period.

Baron’s prediction about SpaceX

Baron has been trusting SpaceX since 2017. Over the years, he bought shares through employee tender offer and gradually built up his largest stake in the company. His strategy has also been successful because his total investment so far has increased to about $1.7 billion now reaching about $15 billion.

During the client call, Baron said that he believes SpaceX could be valued between $10 trillion and $30 trillion in the next 10 to 15 years, while he expects it to go public at a valuation of less than $2 trillion. Baron said that the company is ‘the largest and most profitable company in the world. Can be made. He believes that SpaceX’s reusable rockets, Starlink satellite internet service and data centers being built in space will accelerate this growth.

The biggest IPO in history

SpaceX is targeting $1.75 trillion to $1.77 trillion for its IPO. The company has set a fixed price of $135 per share, which can be listed on Nasdaq by June 2026. If this IPO is successful, if investors place huge bids in it, then Elon Musk’s total wealth will cross 1 trillion dollars (1 Trillion) and he will become the world’s first trillionaire.

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