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News · 11 June 2026

SpaceX launches $1.78tn float, some warn it's high

SpaceX launches $1.78tn float, some warn it's high

This massive stock market float is the biggest in history, possibly making Elon Musk the world's first trillionaire. Elon Musk's company, SpaceX, will join the US stock market on Friday, offering $75bn of shares in its Initial Public Offering. But Morningstar analysts reckon it's worth just $63 a share, well below the expected $135 IPO price.

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Reported by The Guardian · How we write briefs

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