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SpaceX shares on private secondary markets have fallen below their IPO reference price for the first time, reversing a sharp rally. The drop reflects cooling demand among private market investors and could pressure valuations across the broader private space and technology sector.
SpaceX shares rose 11% on their Nasdaq debut after a $75 billion IPO, valuing the company at nearly $1.96 trillion and making Elon Musk the world's first trillionaire. The listing gives public investors direct access to SpaceX for the first time, with Starlink as the core growth driver.
Elon Musk's net worth reached roughly $1.05 trillion on June 12, 2026, after SpaceX began trading on the Nasdaq, valuing his stake at over $766 billion. The listing marks the first time a single individual's publicly priced equity holdings have crossed the $1 trillion threshold.
Tag
SpaceX shares on private secondary markets have fallen below their IPO reference price for the first time, reversing a sharp rally. The drop reflects cooling demand among private market investors and could pressure valuations across the broader private space and technology sector.
1mo ago · 3 min · Markets
SpaceX shares rose 11% on their Nasdaq debut after a $75 billion IPO, valuing the company at nearly $1.96 trillion and making Elon Musk the world's first trillionaire. The listing gives public investors direct access to SpaceX for the first time, with Starlink as the core growth driver.
2mo ago · 3 min · Markets
Elon Musk's net worth reached roughly $1.05 trillion on June 12, 2026, after SpaceX began trading on the Nasdaq, valuing his stake at over $766 billion. The listing marks the first time a single individual's publicly priced equity holdings have crossed the $1 trillion threshold.
2mo ago · 3 min · Markets
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