Chain Opera AI, Siren, Bittensor, Pudgy Penguin, MegaETH and more

HYPE $59

ZCASH $410

BITCOIN $64,000

XRP $1.15

SpaceX opened at $150 a share on Friday, rose as high as $176.52 during trading, and closed at $161.11 finishing up 19.34% from its IPO price of $135. At its closing price, the company's value crossed $2 trillion; making SpaceX one of the most valuable companies in the world on day one and also the 4th largest.

Lets see some more numbers

The SPCX perpetual contract on Hyperliquid recorded $1.33 billion in trading volume from 21,109 traders and generated $70,150 for Tradexyz in 24 hour. Someone opened the largest LONG on it for $18 million, as per Arkham.

As recently as the summer of 2024, Elon Musk, Jeff Bezos and Bernard Arnault were swapping the title of world's richest person on a near daily basis, with net worth of each around $200 billion. Now, not even two years later, Elon Musk has surpassed them all to become the world's first trillionaire; which is worth twice as much as Bezos and Arnault put together.

Musk owns about 4.8 billion shares of SpaceX which is 42% of the company; as well as 350 million stock options exercisable at $8.39 per share, that are fully vested and will expire on February 11, 2031. At $135 a share, Musk's stake is worth $648 billion, with his options adding another $44.3 billion. Combined with his Tesla holdings and other assets, his total net worth crossed $1.005 trillion at the IPO price alone. By the close of trading on Friday, with SPCX at $160.95 and Tesla rising almost 2% to $406, Musk's net worth was estimated at approximately $1.1 trillion.

Just how rich is a trillionaire?

A billion dollars is hard to grasp, enough to spend $27,000 a day over a 100 year lifetime. A trillion dollars is practically impossible to imagine, equivalent to about $27 million per day for a century. With $1 trillion, Musk has about $200 billion more than NASA has spent since its inception in 1958 to put in context. Amazing to think about it.

To come back to SpaceX listing; 4,400 new millionaires were made

Along with creating the world's first trillionaire, the SpaceX IPO also minted thousands of new millionaires and several new billionaires among the employees and executives who owned the stock. About 4,400 SpaceX workers became millionaires through stock compensation accumulated during their time at the company, according to The New York Times citing an analysis by investment platform Hill . com.

Shares of EchoStar, which owns an estimated 3% of SpaceX stock which is roughly $31 billion, surged 11% on SPCX listing with options volume more than eleven times the 30 day average. AST Space Mobile jumped 12% alongside almost $140 million in options trading. The SpaceX halo effect lifted the entire space and satellite sector in one session.

It was a great day in the financial world, to witness such a large scale IPO.

So what comes next for SpaceX SPCX ?

SpaceX's next earnings report is expected around July-August 2026. The Nasdaq 100 fast entry rule means SPCX becomes eligible for index inclusion after just 15 trading days, triggering automatic buying from every ETF tracking the index. SpaceX insiders lock up expiry starts around August. As the lock ups are staggered, next up is 180 days expiry which should be around EOY 2026.

Nonetheless whatever happens going forward, great stuff i am positive; history has already been made by SpaceX.

Nothing i write or share is financial advice (NFA)