Key Points
- SpaceX will trade on the Mexican Stock Exchange via the SIC system on September 14.
- Shares rose 6.42% to $149.74, pushing market cap to $1.973 trillion.
- The $85.7 billion IPO became the largest in history, breaking Saudi Aramco's record.
- Musk's wealth surged by $53.9 billion in one day to $926.2 billion.
By the Numbers
SpaceX will begin trading on the Mexican Stock Exchange (BMV) on September 14 through the International Quotation System (SIC). The company opens to Mexican investors following its Initial Public Offering (IPO) on Wall Street on June 12, 2026. On Thursday, shares rose 6.42% to $149.74, bringing its market capitalization to $1.973 trillion. Since its IPO, SpaceX has gained 10.92% in value, and its $85.7 billion offering became the largest IPO in history.
Analysts highlighted that SpaceX's entry into the BMV provides diversification for Mexican investors, but warned that the space sector carries high volatility. They noted that success depends on contracts with government agencies like NASA and successful launches, citing a lack of short-term financial maturity and instability risks stemming from media communications. They added that long-term growth remains tied to financial results and mission performance.
Meanwhile, Tesla shares rose 5.42% to $376.37 following the Cybercab launch in Austin, though they are down 16.31% year-to-date. A $16.8 billion investment plan for the joint Terafab project was announced. Elon Musk's fortune increased by $53.9 billion in a single day to reach $926.2 billion, maintaining his position as the world's richest person with 170% growth in 2025.
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Frequently Asked Questions
- When will SpaceX start trading on the Mexican Stock Exchange?
- SpaceX will trade on the BMV on September 14 through the International Quotation System (SIC).
- How much did SpaceX's IPO raise and what record did it break?
- The IPO raised $85.7 billion, surpassing Saudi Aramco's $25.6 billion record from 2019.
- How much did Elon Musk's wealth increase and what is his total net worth?
- Musk's wealth increased by $53.9 billion in a single day to $926.2 billion, keeping his spot as the world's richest person.
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