{"id":63066,"date":"2026-06-12T12:08:19","date_gmt":"2026-06-12T16:08:19","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/elon-musk-becomes-first-trillionaire-as-spacex-debuts-at-1-96-trillion-nasdaq-erases-gains\/63066\/"},"modified":"2026-06-12T12:08:19","modified_gmt":"2026-06-12T16:08:19","slug":"elon-musk-becomes-first-trillionaire-as-spacex-debuts-at-1-96-trillion-nasdaq-erases-gains","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/elon-musk-becomes-first-trillionaire-as-spacex-debuts-at-1-96-trillion-nasdaq-erases-gains\/63066\/","title":{"rendered":"Elon Musk Becomes First Trillionaire as SpaceX Debuts at $1.96 Trillion; Nasdaq Erases Gains"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>SpaceX (<a href=\"\/stock\/SPCX\">SPCX<\/a>)<\/strong> officially debuted on the <strong>Nasdaq<\/strong> at <strong>$150 per share<\/strong>, an <strong>11% jump<\/strong> from its <strong>$135 IPO price<\/strong>, reaching a market valuation of <strong>$1.96 trillion<\/strong>.<\/li>\n<li><strong>Elon Musk<\/strong> has become the world\u2019s first <strong>trillionaire<\/strong> on paper, driven by the surge in SpaceX&#39;s valuation and his significant equity stake in the aerospace giant.<\/li>\n<li>The <strong>Nasdaq 100 (<a href=\"\/stock\/NDX\">NDX<\/a>)<\/strong> wiped out an earlier <strong>0.9% gain<\/strong>, turning negative despite the historic SpaceX listing as broader market volatility took hold.<\/li>\n<li><strong>European markets<\/strong> showed strong momentum, with Spain\u2019s <strong>IBEX<\/strong> (<a href=\"https:\/\/www.google.com\/finance\/quote\/IBEX:INDEXBME\" target=\"_blank\" rel=\"noopener\">^IBEX<\/a>) leading major indices with a <strong>2.46%<\/strong> increase.<\/li>\n<li>Geopolitical tensions rose as <strong>Israel\u2019s military<\/strong> reported sirens for hostile aircraft invading several northern areas, adding to global market uncertainty.<\/li>\n<\/ul>\n<h2>SpaceX Makes Historic Nasdaq Debut<\/h2>\n<p>SpaceX (<a href=\"\/stock\/SPCX\">SPCX<\/a>) completed the largest initial public offering in history on Friday, June 12, 2026, raising <strong>$75 billion<\/strong>. After being priced at <strong>$135 per share<\/strong>, the stock saw intense volatility in the <a href=\"https:\/\/stockmarketwatch.com\/movers\/premarket\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">pre-market<\/a> auction, with indications fluctuating between <strong>$150 and $170<\/strong>.<\/p>\n<p>The shares eventually opened for trading at <strong>$150<\/strong>, an <strong>11% premium<\/strong> over the IPO price. Shortly after the open, the stock climbed to <strong>$151.20<\/strong>, representing a <strong>12% gain<\/strong> and pushing the company\u2019s market capitalization to a staggering <strong>$1.96 trillion<\/strong>.<\/p>\n<h2>Elon Musk Reaches Trillionaire Milestone<\/h2>\n<p>The successful public debut of SpaceX has officially propelled <strong>Elon Musk<\/strong> into the record books as the world&#39;s first <strong>trillionaire<\/strong>. Analysts noted that Musk\u2019s net worth crossed the <strong>$1 trillion<\/strong> threshold as SpaceX shares held their gains above the opening price.<\/p>\n<p>This milestone is a result of Musk&#39;s massive holdings in both SpaceX and Tesla (<a href=\"\/stock\/TSLA\">TSLA<\/a>), combined with his interests in xAI and other ventures. <em>Market observers suggest this valuation reflects investor confidence in the future of the space economy and Starlink\u2019s global satellite dominance.<\/em><\/p>\n<h2>Nasdaq Volatility and Global Market Performance<\/h2>\n<p>Despite the hype surrounding SpaceX, the broader <strong>Nasdaq 100 (<a href=\"\/stock\/NDX\">NDX<\/a>)<\/strong> struggled to maintain its momentum. After an initial rally of <strong>0.9%<\/strong>, the index reversed course, wiping out all earlier gains by midday.<\/p>\n<p>In contrast, European markets enjoyed a robust session. Britain\u2019s <strong>FTSE 100<\/strong> (<a href=\"https:\/\/www.google.com\/finance\/quote\/UKX:INDEXFTSE\" target=\"_blank\" rel=\"noopener\">^FTSE<\/a>) rose <strong>1.52%<\/strong>, Germany\u2019s <strong>DAX<\/strong> (<a href=\"https:\/\/www.google.com\/finance\/quote\/DAX:INDEXDB\" target=\"_blank\" rel=\"noopener\">^GDAXI<\/a>) gained <strong>1.66%<\/strong>, and France\u2019s <strong>CAC 40<\/strong> (<a href=\"https:\/\/www.google.com\/finance\/quote\/PX1:INDEXEURO\" target=\"_blank\" rel=\"noopener\">^FCHI<\/a>) climbed <strong>1.73%<\/strong>. Spain\u2019s <strong>IBEX<\/strong> outperformed its peers with a significant <strong>2.46%<\/strong> jump.<\/p>\n<h2>Geopolitical Tensions in Northern Israel<\/h2>\n<p>Market sentiment was further complicated by reports from <strong>Israel&#39;s military<\/strong> regarding hostile aircraft sirens in northern regions. The alerts indicated potential incursions into several areas, contributing to a <em>risk-off environment<\/em> that likely played a role in the Nasdaq&#39;s intraday reversal.<\/p>\n<p>Investors remain cautious as they weigh the historic success of the SpaceX IPO against ongoing geopolitical instability and shifting macroeconomic conditions. <em>The final hour of trading, particularly the &quot;Claman Countdown,&quot; is expected to be critical for determining the market&#39;s direction heading into the weekend.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways SpaceX (SPCX) officially debuted on the Nasdaq at $150 per share, an 11% jump from its $135 IPO 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