Local Business
Tuesday, June 16, 2026 · East Lansing
SpaceX shares surge 30% in market debut as company goes public
SpaceX launched its initial public offering Wednesday, with shares climbing 30% in early trading. The debut made company founder Elon Musk the world's first person to reach a net worth exceeding $1 trillion.
Musk's Net Worth Crosses $1 Trillion After SpaceX IPO
Elon Musk reached a $1 trillion net worth following SpaceX's initial public offering. Industry analysts expect additional AI-related companies to pursue public listings in coming months.
Tuesday, June 16, 2026
SpaceX Aims for $75 Billion IPO Following xAI Merger
SpaceX plans to raise $75 billion through an initial public offering after merging with xAI, positioning itself as the first of three anticipated mega-IPOs from artificial intelligence companies in 2024.
Tuesday, June 16, 2026
SpaceX sets IPO price at $135 per share, valuing company at $1.77 trillion
SpaceX priced its initial public offering at $135 per share, giving the company a valuation of $1.77 trillion ahead of its Friday trading debut. The offering surpasses all previous stock market debuts by valuation.
Tuesday, June 16, 2026
SpaceX prepares for public offering that would value company at $1.7 trillion
SpaceX plans to go public in what would become the largest initial public offering in stock market history. The offering would value the rocket company at roughly $1.7 trillion, making it the world's most valuable publicly traded company.
Tuesday, June 16, 2026