Elon Musk has officially become the world’s first trillionaire after his space company, SpaceX, completed a historic public listing that pushed the company’s valuation to unprecedented levels.
The company’s initial public offering (IPO) on Friday marked the largest stock market debut in history, with SpaceX raising about $75 billion by selling shares to investors.
The company priced its shares at $135 per share, giving it an opening valuation of approximately $1.77 trillion.
Shares surged after trading began, climbing to around $150 per share in early market activity, indicating an increase of about 11 percent from the IPO price.
Some early indications had pointed to prices around $160–$170 as demand overwhelmed available shares.
The jump in SpaceX’s valuation pushed Musk’s holdings above the trillion-dollar threshold. His wealth has been driven largely by his stake in SpaceX, alongside major holdings in Tesla and other ventures.
Trillion-dollar giant
SpaceX was founded by Musk
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