Musk is the first ever trillionaire. SpaceX is the sixth largest

20:32

A 25% jump in SpaceX stock shortly after the opening of trading boosted the company’s market value to more than $2.2 trillion, making it the sixth largest company in the US in terms of market capitalization. Before it are Nvidia, Apple, Alphabet, Microsoft and Amazon. After it, Broadcom, Meta and even Tesla which trades unchanged and has a market value of approximately 1.5 trillion dollars.

At this value, SpaceX represents about 3% of the entire American stock market, which is estimated at about $75.6 trillion according to FactSet and Dow Jones Market Data. The figure illustrates the dimensions of the historic IPO and the tremendous weight the company gained already on its first day as a public company.

The giant issue is expected to generate commissions for the investment banks totaling about 500 million dollars, which is about 0.7% of the massive raising amount of 75 billion dollars.

The largest share of the pie will be received by the leading underwriters, Goldman Sachs and Morgan Stanley, who will divide between them about 40% of the total commissions, about 100 million dollars each.

Bank of America, Citi, and JP Morgan are also expected to benefit from the deal, with estimated revenues of approximately $75 million each. The rest of the banks that participated in the consortium of underwriters are expected to receive fees of approximately $10 million or less per institution.

Although it is about half a billion dollars in commissions, the total commission rate of 0.7% is considered low compared to traditional IPOs – a testament to the strength of the demand for SpaceX shares and the company’s ability to negotiate aggressively with Wall Street.

19:46

SpaceX stock is now jumping about 25% to $168 per share, after trading in it opened with an increase of only 11% and at $150 per share. Its market value is now about $2.2 trillion and it is the sixth most valuable on Wall Street, thereby overtaking Broadcom, Meta and Tesla.

“The record-breaking IPO shows that investors need and are eager to write big checks to finance the expansion of artificial intelligence infrastructure,” according to Goldman Sachs President John Waldron. “The capital markets are showing a willingness to fund these extraordinary companies as we build this AI infrastructure,” Waldron told Bloomberg.

In the meantime, the Cboe Global Markets exchange said that it expects to list options related to SpaceX for trading as early as this Tuesday, subject to a number of tests in the industry, including approval from the OCC (Options Clearing Corporation).

“It’s exciting,” said Rob Hawking, Cboe’s head of global derivatives. “We anticipate a lot of activity.”

Options contracts give traders the right to buy or sell stocks at a predetermined price, until a certain date, and their popularity among private investors has soared in recent years. Contracts related to Tesla, also managed by Elon Musk, are among the most popular options.

Hawking added that the stock exchange also received inquiries regarding options related to the companies OpenAI and Anthropic, whose initial public offerings (IPOs) are also eagerly awaited. Cboe expects to list these options for trading after the shares begin trading, and as soon as Cboe receives regulatory approval, he said.

19:20

Even before the start of trading today, the jump in the value of SpaceX increased Elon Musk’s fortune by approximately 188 billion dollars to an estimated level of 982 billion dollars, according to Forbes calculations, if the SpaceX stock rises to 138.5 dollars at the start of trading today and the Tesla stock remains unchanged, Musk will become the first person in history whose fortune crosses the trillion dollar mark. The stock that started trading a few minutes ago jumps by about 20% to $156, which means that Musk is indeed the first trillionaire ever.

Musk, who serves as chairman, CEO and chief technology officer of SpaceX, owns 4.8 billion shares of the company worth about $644 billion. In addition, he has 350 million stock options at an exercise price of $8.4 per share, worth approximately $44 billion. In total, Musk owns about 38% of SpaceX, a stake worth about $688 billion according to the IPO price.

So far, Forbes has valued Musk’s stake in SpaceX at only about $500 billion, based on the $1.25 trillion valuation given to the company in February’s merger between SpaceX and artificial intelligence and social networking company xAI. Now, with SpaceX’s IPO valued at $1.77 trillion, Musk’s fortune is approaching the historic $1 trillion mark.

18:51

Trading in SpaceX stock has now begun on Wall Street, with the stock jumping about 18% at the opening of trading to a price of $159 per share.

Elon Musk’s space company, which will be traded under the symbol SPCX, set an issue price of $135 per share – a price that reflects its value of approximately $1.77 trillion. The indicators showed at noon that the stock will start trading at $170, a jump of about 25%. But in the meantime, according to the order book, trading in SpaceX will open at $150 per share, an increase of about 11%.

18:19

After the calm opening, the indices went up – the S&P 500 index rises by 0.7%, the Nasdaq by 0.6%, the Dow Jones by 0.5%.

Investors are encouraged by the words of Iranian Foreign Minister Arakchi: “The Islamabad Memorandum of Understanding has never been closer. Until its formation is completed, the media must refrain from entering into speculation about its contents. In accordance with our responsible and transparent approach, all details will be shared with the public later.”

In the meantime, investors all over the world are preparing for one of the most prominent events of the year in the capital market: the start of trading in SpaceX shares on Nasdaq. Elon Musk’s space company, which will trade under the symbol SPCX, has set an issue price of $135 per share – a price that reflects its value of about $1.77 trillion. The indicators show that the stock will start trading at $170, a jump of about 25%.

17:07

After the calm opening, the indices moved to slight declines – the S&P 500 index decreases by 0.1%, the Nasdaq by 0.3%, the Dow Jones unchanged.

The background: Trump on Truth Social: “The terms that Iran leaked to the fake news media are in no way related to the terms that were agreed upon in writing. These are very disrespectful people to negotiate with. In addition, their drone attack last night is unacceptable. They should come to their senses, and quickly!”

16:45

Marvel Adds to its ranks the finance manager of Adobe Dan Durn, as its next CFO. In doing so, she gives the chip maker an experienced hand as it goes through a significant growth phase.

Doran will take office on June 15. He will replace Willem Meintjes, who will remain with the company as a consultant until April 2027 to assist with the transition period.

This timing is very important. Marvel has experienced a lot of interest from investors due to its stake in the artificial intelligence (AI) infrastructure, which includes custom chips, network technologies and data center technologies.

Also, Marvel reaffirmed its outlook for the second fiscal quarter, which is expected to give investors some peace of mind that the change in leadership is not related to a near-term business problem.

16:30

The leading indices on Wall Street opened with gains in light of the optimism that the emerging peace agreement will lead to the reopening of the Strait of Hormuz. The S&P 500 is up 0.3%, the Nasdaq is unchanged, the Dow Jones is up 0.2%.

The gains come after Thursday’s rally, which was supported by the recovery of chip stocks and President Donald Trump’s statement that an agreement with Iran is closer than ever.

15:17

SpaceX’s giant IPO has already entered the history books with a fundraising of $75 billion and a value of approximately $1.8 trillion, but the real test begins now: whether investors in the public market will be ready to justify the ambitious pricing of the company and its founder, Elon Musk.

The first day of trading is expected to be a defining moment for SpaceX stock. After the largest ever IPO, the company still needs market approval for its vision – control in the fields of artificial intelligence, satellites and space, along with the ambition to lead manned missions to the moon and Mars. At the same time, investors will have to decide whether they accept the unusual corporate governance structure, which gives Musk almost total control over the company.

Even before the opening of trading, the early trading markets are signaling huge demand for the stock, with estimates for a jump of at least 35% above the IPO price set at $135 per share.

Early trading in SpaceX-related financial instruments signals a particularly strong opening for the stock on its debut day on Wall Street, with investors betting on a 30% to 50% jump above the IPO price.

Derivatives on SpaceX stock offered by IG International on Friday morning indicated a market value of about $2.4 trillion — up more than 35 percent from the $135 a share IPO price, which reflected a $1.77 trillion valuation.

At the same time, the ongoing contracts (Perpetual Futures) on SpaceX traded on the Hyperliquid platform traded around $180 per share, a price that reflects a value of more than $2.3 trillion. In the last 24 hours, the volume of trading in the device crossed 143 million dollars, while the open positions (Open Interest) stand at more than 208 million dollars.

Abnormal optimism is also registered in Europe: the German broker Lang & Schwarz quoted the SpaceX share at a price of $208, which reflects a jump of about 54% compared to the issue price.

If these predictions come true, SpaceX could open trading with a market capitalization of $2.3-2.4 trillion, which would immediately place it among the largest companies in the world and make the giant IPO of $75 billion one of the biggest successes in the history of the capital market.

15:06

The futures contracts on the leading indices on Wall Street are trading higher ahead of the opening of trading, after state media in Iran reported that a peace agreement taking shape will lead to the reopening of the Strait of Hormuz. The contracts on the S&P 500 index and the Nasdaq index climb about 0.5%, while the contracts on the Dow Jones index add about 363 points or about 0.3%.

The gains come after Thursday’s rally, which was supported by the recovery of chip stocks and President Donald Trump’s statement that an agreement with Iran is closer than ever.

At the same time, investors are preparing for one of the most prominent events of the year in the capital market: the start of trading in SpaceX shares on Nasdaq. Elon Musk’s space company, which will trade under the symbol SPCX, has set an issue price of $135 per share – a price that reflects its value of approximately $1.77 trillion.

10:20

European stock markets join the positive sentiment in the global markets and open the day with price increases. The DAX index jumps by about 1.3%, the CAC adds to its value by about 1.4% and the FTSE advances by about 0.8%.

9:45

Asia

In view of the apparent memorandum of understanding between the US and Iran, European stock markets are trading with sharp price increases. The Tokyo Stock Exchange jumped by about 2.9%, the Hong Kong Stock Exchange jumps by about 1.6%, the Shanghai Stock Exchange adds about 1.2% to its value and the Siew Stock Exchange jumped by about 4.5%.

At the same time, the futures contracts on Wall Street are trading stably, in preparation for the giant issue of Spacex, which will start trading today on Nasdaq at a value of 1.8 trillion dollars.

In the commodities market, oil prices are now down over 2%. Brent crude is trading around $88 per barrel, while US crude (WTI) is trading around $86 per barrel. The price of gold is climbing by about 2% and is trading around $4,200 per ounce.

Wall Street

yesterday, The green screens returned to Wall Street – this started at the opening of trading and even intensified after Trump’s announcement of the cessation of attacks on Iran. The Nasdaq closed up 2.4%, the S&P 500 up 1.2% and the Dow Jones up 1.6%.

At the same time, chip stocks led the gains. stock AMD andIntel climbed, while the basket’s horn SOXX increased by about 5%. The sector is trying to recover after a fall of about 10% last Friday, which raised doubts among investors about the continuation of the sharp rally in chip shares.

Intel stood out in particular after Bank of America raised its recommendation for the stock from “underperform” to “buy”, which boosts the stock.

On the other hand, a share oracle fell 9% after the company announced its intention to raise an additional 20 billion dollars through equity and debt, in order to finance the expansion of its artificial intelligence activities.

Later tonight:

The company SpaceX made history with the largest initial public offering (IPO) ever, a move that catapults it directly to the top of the world’s largest public companies and brings its founder, Elon Musk, closer to becoming the first person in the world with a fortune of a trillion dollars.

The company sold 555.6 million shares at a price of $135 per share, and raised $75 billion. In doing so, it surpassed by a huge margin the previous record set in 2019 by Saudi Aramco, which raised $29.4 billion in its IPO.

The IPO price gives SpaceX a market capitalization of $1.77 trillion. After weighing options for employees and restricted shares (RSUs), the fully diluted value of the company comes to about 1.8 trillion dollars.

Israeli women on Wall Street:

The dual chip stocks Nova , Tower Semiconductor andCamtech Soared in line with the trend in chip stocks.

stock Elbit Soared after the company announced a strategic collaboration with Diehl Defense and Anduril Industries.

stock we stone Zinka jumped following the financial reports to summarize its first quarter (which ended at the end of April). The company also raised its annual forecast and expects revenues of 907-913 million dollars, which reflects a growth of 30%, compared to a previous forecast of 866-874 million dollars.

Macro

This week the consumer price index was published in the US, which indicated an annual inflation rate of 4.2%, in line with expectations – but for the first time in three years the rate is higher than 4%, mainly due to the effect of energy prices. Government bond yields in the US rose after the publication of the inflation data there to 4.53% in 10-year bonds and 4.26% in 5-year bonds.

Yesterday the producer price index (PPI) rose by 1.1% in May, above the forecast of economists for an increase of 0.7%. However, the core index, which excludes food and energy, rose by only 0.4% – slightly below expectations of 0.5%.