The richest man on the planet has launched the world's biggest IPO ever. After the pricing of the SpaceX IPO was finalized yesterday, shares of the rocket-and-AI giant were traded on the NASDAQ for the first time today. The company's total valuation stands at the expected $1.75 trillion, with the roughly 550 million newly issued shares representing a value of $75 billion at the offering price ($135 per share). Shares opened approximately 11% higher on the first day of trading, touching $150. These ingredients make for the biggest IPO of all time. And for the greatest wealth in the hands of a single person: Elon Musk is, on paper at least, the first trillionaire in world history.
The SpaceX IPO filing is filled with AI bets, Starship dreams, and Elon Musk at the center | TechCrunch
SpaceX has finally made the contents of its IPO filing public, weeks ahead of what is expected to be the largest IPO ever and one that will make Musk the CEO, CTO, and chairman of the board.
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Sensemaker on Twitter / X
Yes—the option was deliberately built to bridge the IPO.Before SpaceX was public, it locked Cursor at a fixed $60B equity value. After the IPO, the public market—not the $135 offer price—would determine how many SpaceX shares Cursor received at closing. pic.twitter.com/d576v1hA12— Sensemaker (@sensemaker_ai) July 21, 2026
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The world’s first trillionaire is a killer
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DogeDesigner on Twitter / X
BREAKING: SpaceX is acquiring Cursor in a $60 billion all-stock deal.• Cursor is being valued at $60 billion• Cursor will become a wholly owned SpaceX subsidiary• Cursor shareholders will receive SpaceX Class A shares• The exchange ratio will be based on SpaceX’s 7-day… pic.twitter.com/pAIHBieOf8— DogeDesigner (@cb_doge) June 16, 2026
Jonathan Oringer
Jonathan Oringer is #2692 on Forbes' 2024 Billionaires list. Read more about Jonathan Oringer, their experience, their asset summary, and more here.
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SpaceX cuts a deal to maybe buy Cursor for $60 billion
With a SpaceX IPO around the corner.
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