SpaceX shares surge in historic Wall Street debut as Elon Musk’s wealth tops $1 trillion on paper

Elon Musk at the Gaylord National Resort &; Convention Center, Thursday, February 20th 2025, in Oxon Hill, Maryland. (AP Foto/Jose Luis Magana)
the Grio

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SpaceX made history on June 12 with a blockbuster debut on Wall Street, sending shares soaring and pushing founder Elon Musk’s estimated net worth above the $1 trillion mark on paper.

According to the Associated Press, shares of the rocket company opened at $150 before climbing roughly 25% during early trading. The rally gave SpaceX a market valuation of about $2.21 trillion, making it one of the most valuable companies in the world.

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