🚨 BREAKING — IT'S OFFICIAL: Elon Musk becomes the world's first TRILLIONAIRE as SpaceX goes public
This is absolutely MONUMENTAL. Congratulations @ElonMusk!
To the moon! 🚀$SPCX is set to start trading at $135 per share imminently, valuing the company around $1.8 TRILLION. pic.twitter.com/hyyMcHC4Rc
— Nick Sortor (@nicksortor) June 12, 2026
The 1.77 trillion dollar price tag is so massive it will drain all the cash out of every other stock
SpaceX is ignoring every normal rule by forcing a 135 dollar price on everyone instead of letting the market decide
They are baiting retail buyers with 30 percent of the shares just so the big early investors can get out with their cash
The company lost 4.94 billion dollars last year and burned another 4.28 billion dollars in just three months
Most of that money is vanishing into the xAI unit which lost 2.5 billion dollars while the rocket business also loses cash
The company is sitting on a 41.3 billion dollar pile of losses and admits in its filing they might never actually make money
Musk keeps 82 percent of the voting power so nobody can ever challenge what he does with the company
Big money managers are forced to buy it just to keep their performance stats looking right
This whole thing is just a giant bet that one man can own the space and the computer power for the entire planet
If this stock crashes on the first day the whole tech market is going to freeze up for a long time
The market is currently betting the farm on a dream because they have no other ideas left
*SPACEX IPO SAID TO DRAW OVER $250 BILLION INSTITUTIONAL ORDERS
— *Walter Bloomberg (@DeItaone) June 12, 2026