Elon Musk crowned world’s first trillionaire as SpaceX makes historic stock market debut
Summary
SpaceX shares surged on their market debut, making Elon Musk the world’s first trillionaire with a record-breaking $75 billion IPO.
Key Points
- SpaceX shares started trading with an opening price of $150 before surging to $160.
- The IPO raised $75 billion, setting a new record for an Initial Public Offering.
- Elon Musk became the world’s first trillionaire due to SpaceX's market valuation.
- SpaceX owns several subsidiaries including AI startup xAI and satellite internet service Starlink.
