{"id":254,"date":"2026-06-12T21:10:28","date_gmt":"2026-06-12T21:10:28","guid":{"rendered":"https:\/\/blueroutejournal.com\/?p=254"},"modified":"2026-06-12T21:10:28","modified_gmt":"2026-06-12T21:10:28","slug":"spacex-just-pulled-off-something-wall-street-has-never-seen-2","status":"publish","type":"post","link":"https:\/\/blueroutejournal.com\/?p=254","title":{"rendered":"SpaceX Just Pulled Off Something Wall Street Has Never Seen"},"content":{"rendered":"
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Elon Musk\u2019s SpaceX opened at $150 on Friday after the company sold 555 million shares at $135 each in what would be the largest initial public offering in history.<\/span><\/p>\n

Read more At Least Two Dead, Multiple Injured In Texas Shooting<\/a><\/p>\n

The company raised approximately $75 billion in the IPO, surpassing the previous record set by Saudi Aramco in 2019. Shares quickly climbed more than 10% in early trading.<\/span><\/p>\n

\u201cIt\u2019s certainly hard to believe that a little company that started in a warehouse in El Segundo is now going public in the largest IPO ever,\u201d Musk said from SpaceX headquarters in Starbase, Texas. <\/span><\/p>\n

\u201cI gave SpaceX less than a 10% chance of succeeding at all,\u201d Musk added. \u201cIn fact, I told people this. I said, \u2018Look, we\u2019re probably going to fail, but you know, we should give it a try, because if we don\u2019t, if there\u2019s not a new company that enters space, we will never be a truly space-bearing civilization.\u201d<\/span><\/p>\n

The public offering also cemented Musk\u2019s status as the world\u2019s wealthiest person. His net worth is now valued at more than $1.2 trillion, making him the first person to reach trillionaire status. Musk owns roughly 42% of SpaceX shares and is required to hold them for one year.<\/p>\n

The IPO also created a major windfall for SpaceX employees. More than 4,000 workers became millionaires through company stock holdings, including cafeteria employees who participated in the company\u2019s stock program.<\/p>\n

One employee, <\/span>Trevor Hise<\/span>, started at SpaceX as an intern in 2011 and accumulated more than 100,000 shares, now valued at more than $15 million. Hise said his parents once urged him to turn down the SpaceX offer and take a job with General Electric instead.\u00a0\u00a0<\/span><\/p>\n

Read more SpaceX Just Pulled Off Something Wall Street Has Never Seen<\/a><\/p>\n

More than <\/span>100<\/span> SpaceX employees now reportedly have combined assets valued between $1 billion and $5 billion.\u00a0<\/span><\/p>\n

Musk and SpaceX President and Chief Operating Officer Gwynne Shotwell marked the company\u2019s public debut by ringing Nasdaq\u2019s opening bell, with Musk appearing from Texas and Shotwell from New York City. <\/span><\/p>\n

Shotwell said the company could pursue major deals following the record-breaking IPO, while also hinting at future overlap between SpaceX and Musk\u2019s other companies.\u00a0<\/span><\/p>\n

\u201cThere\u2019s no question that there are synergies between Tesla and SpaceX in our futures,\u201d she <\/span>said<\/span>. \u201cThere\u2019s a convergence of what we\u2019re all trying to accomplish in the future, but right now I\u2019m focused on keeping the lights on here.\u201d<\/span><\/p>\n

Musk has also floated the possibility of eventually merging Tesla and SpaceX. SpaceX bought xAI earlier this year, giving the aerospace company ownership of xAI\u2019s data centers, Grok AI models, and X, the social media platform formerly known as Twitter. <\/span><\/p>\n

For now, Musk said the IPO proceeds will help fuel \u201ca significant growth phase\u201d for SpaceX. His plans include placing more than 1 million satellites in orbit and building artificial intelligence data centers in space.\u00a0<\/span><\/p>\n

Read more Elon Musk Becomes First Trillionaire After SpaceX IPO<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Elon Musk\u2019s SpaceX opened at $150 on Friday after the company sold 555 million shares at $135 each in what would be the largest initial public offering in history.The company raised approximately $75 billion in the IPO, surpassing the previous record set by Saudi Aramco in 2019. Shares quickly climbed more than 10% in early trading.\u201cIt\u2019s certainly hard to believe that a little company that started in a warehouse in El Segundo is now going public in the largest IPO ever,\u201d Musk said from SpaceX headquarters in Starbase, Texas. \u201cI gave SpaceX less than a 10% chance of succeeding at all,\u201d Musk added. \u201cIn fact, I told people this. I said, \u2018Look, we\u2019re probably going to fail, but you know, we should give it a try, because if we don\u2019t, if there\u2019s not a new company that enters space, we will never be a truly space-bearing civilization.\u201dThe public offering also cemented Musk\u2019s status as the world\u2019s wealthiest person. His net worth is now valued at more than $1.2 trillion, making him the first person to reach trillionaire status. Musk owns roughly 42% of SpaceX shares and is required to hold them for one year.The IPO also created a major windfall for SpaceX employees. More than 4,000 workers became millionaires through company stock holdings, including cafeteria employees who participated in the company\u2019s stock program.One employee, Trevor Hise, started at SpaceX as an intern in 2011 and accumulated more than 100,000 shares, now valued at more than $15 million. Hise said his parents once urged him to turn down the SpaceX offer and take a job with General Electric instead.\u00a0\u00a0More than 100 SpaceX employees now reportedly have combined assets valued between $1 billion and $5 billion.\u00a0Musk and SpaceX President and Chief Operating Officer Gwynne Shotwell marked the company\u2019s public debut by ringing Nasdaq\u2019s opening bell, with Musk appearing from Texas and Shotwell from New York City. Shotwell said the company could pursue major deals following the record-breaking IPO, while also hinting at future overlap between SpaceX and Musk\u2019s other companies.\u00a0\u201cThere\u2019s no question that there are synergies between Tesla and SpaceX in our futures,\u201d she said. \u201cThere\u2019s a convergence of what we\u2019re all trying to accomplish in the future, but right now I\u2019m focused on keeping the lights on here.\u201dMusk has also floated the possibility of eventually merging Tesla and SpaceX. SpaceX bought xAI earlier this year, giving the aerospace company ownership of xAI\u2019s data centers, Grok AI models, and X, the social media platform formerly known as Twitter. For now, Musk said the IPO proceeds will help fuel \u201ca significant growth phase\u201d for SpaceX. His plans include placing more than 1 million satellites in orbit and building artificial intelligence data centers in space.\u00a0<\/p>\n","protected":false},"author":1,"featured_media":250,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-2"],"yoast_head":"\nSpaceX Just Pulled Off Something Wall Street Has Never Seen - Blue Route Journal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blueroutejournal.com\/?p=254\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SpaceX Just Pulled Off Something Wall Street Has Never Seen - Blue Route Journal\" \/>\n<meta property=\"og:description\" content=\"Elon Musk\u2019s SpaceX opened at $150 on Friday after the company sold 555 million shares at $135 each in what would be the largest initial public offering in history.The company raised approximately $75 billion in the IPO, surpassing the previous record set by Saudi Aramco in 2019. Shares quickly climbed more than 10% in early trading.\u201cIt\u2019s certainly hard to believe that a little company that started in a warehouse in El Segundo is now going public in the largest IPO ever,\u201d Musk said from SpaceX headquarters in Starbase, Texas. \u201cI gave SpaceX less than a 10% chance of succeeding at all,\u201d Musk added. \u201cIn fact, I told people this. I said, \u2018Look, we\u2019re probably going to fail, but you know, we should give it a try, because if we don\u2019t, if there\u2019s not a new company that enters space, we will never be a truly space-bearing civilization.\u201dThe public offering also cemented Musk\u2019s status as the world\u2019s wealthiest person. His net worth is now valued at more than $1.2 trillion, making him the first person to reach trillionaire status. Musk owns roughly 42% of SpaceX shares and is required to hold them for one year.The IPO also created a major windfall for SpaceX employees. More than 4,000 workers became millionaires through company stock holdings, including cafeteria employees who participated in the company\u2019s stock program.One employee, Trevor Hise, started at SpaceX as an intern in 2011 and accumulated more than 100,000 shares, now valued at more than $15 million. Hise said his parents once urged him to turn down the SpaceX offer and take a job with General Electric instead.\u00a0\u00a0More than 100 SpaceX employees now reportedly have combined assets valued between $1 billion and $5 billion.\u00a0Musk and SpaceX President and Chief Operating Officer Gwynne Shotwell marked the company\u2019s public debut by ringing Nasdaq\u2019s opening bell, with Musk appearing from Texas and Shotwell from New York City. Shotwell said the company could pursue major deals following the record-breaking IPO, while also hinting at future overlap between SpaceX and Musk\u2019s other companies.\u00a0\u201cThere\u2019s no question that there are synergies between Tesla and SpaceX in our futures,\u201d she said. \u201cThere\u2019s a convergence of what we\u2019re all trying to accomplish in the future, but right now I\u2019m focused on keeping the lights on here.\u201dMusk has also floated the possibility of eventually merging Tesla and SpaceX. SpaceX bought xAI earlier this year, giving the aerospace company ownership of xAI\u2019s data centers, Grok AI models, and X, the social media platform formerly known as Twitter. For now, Musk said the IPO proceeds will help fuel \u201ca significant growth phase\u201d for SpaceX. His plans include placing more than 1 million satellites in orbit and building artificial intelligence data centers in space.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blueroutejournal.com\/?p=254\" \/>\n<meta property=\"og:site_name\" content=\"Blue Route Journal\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-12T21:10:28+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/blueroutejournal.com\\\/?p=254#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/blueroutejournal.com\\\/?p=254\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/blueroutejournal.com\\\/#\\\/schema\\\/person\\\/19da116f8d79cf8987781569801c6b7c\"},\"headline\":\"SpaceX Just Pulled Off Something Wall Street Has Never Seen\",\"datePublished\":\"2026-06-12T21:10:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/blueroutejournal.com\\\/?p=254\"},\"wordCount\":502,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/blueroutejournal.com\\\/?p=254#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/blueroutejournal.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/0565c9038e99ec74fd96186acc8d3863.avif\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/blueroutejournal.com\\\/?p=254#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/blueroutejournal.com\\\/?p=254\",\"url\":\"https:\\\/\\\/blueroutejournal.com\\\/?p=254\",\"name\":\"SpaceX Just Pulled Off Something Wall Street Has Never Seen - 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