SpaceX IPO mints millionaires as SPCX debuts big

SpaceX's reported June 12 IPO at $1.77tn valuation turned early workers into millionaires, in the biggest market debut ever.

Market reports circulating June 12-13 say Elon Musk's SpaceX finally went public. And if the numbers hold, early engineers, welders and office staff just saw their stock options change their lives overnight.

According to reports from Reuters, The Motley Fool, Zacks and WSJ, SpaceX priced its Nasdaq debut, ticker SPCX, at $135 per share on June 12, 2026.

The raise? A reported $75 billion. The valuation? About $1.77 trillion. That would make it the largest IPO in history, ahead of Alibaba and Saudi Aramco.

One Reuters market note even put the opening lift at $150, up 22%, with a $2 trillion valuation tag.

Why are workers cashing out big? SpaceX stayed private for 24 years. Like most Silicon Valley rockets-to-riches stories, early employees got stock options instead of big salaries.

If SPCX really opened at $135-$150, a mid-level engineer who joined in 2015 with a modest option grant would be sitting on seven figures overnight.

Technicians, factory leads, even early admin staff, the same story. That is the "overnight millionaire" wave people are posting about.

The pitch that sold Wall Street, according to the reports, was not just rockets. It was Starlink, satellites, and AI, all rolled into one company. The offering was reportedly 4x oversubscribed, with over $250 billion chasing shares.

Leveraged ETFs were already lining up to launch on the first trading day, with both 2X long and 2X short SpaceX funds filed for Cboe.

SpaceX rocket launch with stock ticker SPCX as SpaceX IPO mints millionaire employees in 2026

A few important notes for Obgist readers:

1. SpaceX was privately held for over two decades. An IPO of this size would be historic, and volatile.

2. Obgist has not independently verified a final SEC/Nasdaq confirmation as of Saturday morning, June 13. All figures above are from market reports on June 12.

3. Employee lock-ups usually apply. Not every staffer can sell on day one. The paper gains are real, the cash may take months.

4. Governance risk was flagged in the pre-IPO coverage, with reports noting Elon Musk would retain 85.1% voting control.

If confirmed, this changes everything for space tech in Africa too. Cheaper launches, more Starlink coverage, more capital for satellite internet. That is why Nigerians are watching SPCX closely.

Is every SpaceX cleaner now a millionaire? No. But the early believers, the ones who took stock over salary, they just got their payday.