SpaceX Historic $75B IPO Surges 20%+, Makes Musk First Trillionaire
On June 12, 2026, SpaceX debuted on the Nasdaq with the largest IPO in history, raising $75 billion and surging nearly 20% on day one. With an initial market cap of ~$1.78 trillion (rising to ~$2.1 trillion), the event made Elon Musk the world’s first trillionaire. ARK Invest’s Cathie Wood bought over $500 million in shares at IPO price, later adding more positions. The offering had a 30% retail allocation and was four times oversubscribed, signaling massive investor enthusiasm for SpaceX’s Starlink, defense, and AI ambitions.
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Peter Schiff Says Elon Musk's SpaceX Paper Loss Exceeds Warren Buffett's Entire Fortune
Economist Peter Schiff noted that Elon Musk lost approximately $150 billion in paper wealth on June 22, 2026, after SpaceX shares (ticker SPCX) fell 16.5% in a single trading session. This one-day loss is larger than Warren Buffett's estimated $145 billion net worth. Despite the massive decline, Musk remains the world's only trillionaire after SpaceX's blockbuster IPO pushed his net worth above $1 trillion. SpaceX's market cap fell by $400.8 billion, the second-largest one-day value loss for any U.S. company, dropping the company to seventh among the world's most valuable firms at about $2.04 trillion. The company also announced a senior unsecured notes offering, revealing $100.8 billion in cash. Despite the downturn, Cathie Wood's Ark Invest purchased approximately $32.5 million worth of SpaceX shares on the same day, signaling continued investor confidence. The article notes SpaceX posted a $4.9 billion net loss in 2025.
Yahoo FinanceCathie Wood Loads Up on SpaceX Stock Betting on Musk's AI Vision
On June 21, 2026, ARK Invest founder Cathie Wood made a significant investment in SpaceX (SPCX) stock, adding shares to four of her six actively managed ETFs. The largest purchase was by the ARK Innovation ETF, acquiring 1.69 million shares, now making up 2.12% of the fund's portfolio. Wood's other ETFs, ARKQ, ARKX, and ARKW, also bought substantial stakes. The move reflects Wood's long-term bet on Elon Musk's broader vision, specifically viewing SpaceX not just as a space transportation company but as a vertically integrated platform spanning Starlink, defense, orbital infrastructure, and increasingly AI following its acquisition of xAI. SpaceX recently went public with a market cap of $2.53 trillion, making it the world's sixth-most valuable public company. Its stock surged initially but has shown signs of cooling. Wood's aggressive buying signals confidence in SpaceX's growth story centered on AI integration.
Yahoo FinanceCathie Wood Buys Over $500 Million of SpaceX Stock on IPO Day
On June 12, 2026, renowned investor Cathie Wood, through her firm ARK Invest, purchased more than $500 million worth of SpaceX stock on the day of its initial public offering. Wood acquired 3.3 million shares at the IPO price of $135, which closed the first trading day at $160.95, a 19% gain. To fund the purchase, Wood liquidated $280 million in stocks including AMD and Roku. The majority of the SpaceX shares were allocated to the ARK Innovation ETF, making up 3.28% of its portfolio. Despite analyst warnings that the unprofitable company is overvalued, ARK's model targets a $2.5 trillion enterprise value for SpaceX by 2030. Wood is also known for her bullish stance on Bitcoin, with a long-term price target of $1.25 million.
Yahoo FinanceInvestor Cathie Wood Buys More Than $500 Million of SpaceX Stock on IPO Day
Cathie Wood, through her firm ARK Invest, purchased over $500 million worth of SpaceX stock on the day of its initial public offering (June 12, 2026). She acquired 3.3 million shares at the IPO price of $135, which closed at $160.95 (up 19%) and rose another 6% by June 15. To fund the purchase, Wood liquidated $280 million in stocks including Advanced Micro Devices (AMD) and Roku. The majority of the SpaceX shares were allocated to the ARK Innovation ETF (ARKK), making up 3.28% of the fund. Despite analysts warning that SpaceX is overvalued, ARK's model targets a $2.5 trillion enterprise value for the company by 2030. Wood is also known as a crypto bull with a $1.25 million price target for Bitcoin. SPCX stock was trading at $170.67 in premarket on June 15.
Yahoo FinanceCathie Wood's Early SpaceX Bet Pays Off After Historic IPO
SpaceX's highly anticipated IPO on June 12, 2026, proved to be a major market event, raising $75 billion and surging nearly 20% on its first day of trading. The IPO valued SpaceX at roughly $1.75 trillion initially, climbing to about $2.1 trillion after the debut. This validated the long-standing bet of Cathie Wood's ARK Invest, which had built SpaceX into the largest holding of its internal venture fund. ARK first invested in SpaceX in late 2023 when the company was valued under $200 billion, and added to its position in 2025. The strong public market reception also boosted Elon Musk's net worth past $1 trillion, making him the world's first trillionaire. Wood has described SpaceX as a 'moon-and-Mars opportunity' and 'the convergence of a lifetime,' with Starlink serving as the financial engine. The IPO transforms Wood's private-market conviction into a public-market scorecard, challenging critics of her high-growth investment strategy.
Yahoo FinanceSpaceX Stock Surges Nearly 30% on Record-Breaking IPO Debut
SpaceX's stock jumped nearly 30% in its first day of trading on the Nasdaq Composite following the largest initial public offering in history. The rocket and satellite company, trading under ticker SPCX, priced its IPO at $135 per share and opened at $150, an 11% jump, before paring some gains. The offering raised a record $75 billion through 555.6 million shares, with an initial market valuation of approximately $1.78 trillion. Analysts expect significant volatility in the coming days. Notably, SpaceX targeted an unusually high retail investor allocation of around 30%, drawing retail orders exceeding $100 billion. The IPO was four times oversubscribed, though some of that demand may be inflated by institutional investors. The debut also made CEO Elon Musk the world's first trillionaire.
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