SpaceX IPO Catapults Musk to World’s First Trillionaire Status
TL;DR Summary
Elon Musk becomes the world’s first trillionaire as SpaceX debuts on Nasdaq at a $2.2 trillion valuation, with shares opening around $150 and later trading around $161, lifting Musk’s net worth to about $1.11 trillion (largely tied to SpaceX and Tesla stock). The IPO raised roughly $75 billion, and SpaceX says it will plow funds into rockets, Starlink, and AI, though experts warn the rally may reflect hype as long‑term profitability remains uncertain.
- Elon Musk becomes world's first trillionaire as SpaceX soars in stock market debut BBC
- SpaceX IPO live updates: Elon Musk's SpaceX stock soars in market debut as Dow, S&P 500, Nasdaq rise Yahoo Finance
- SpaceX stock jumps 19%, closing near $161 after record IPO: Live updates CNBC
- SpaceX’s Unlikely Journey From Far-Out Idea to $2 Trillion Juggernaut The New York Times
- SpaceX Debut Leaves Musk Atop Trillionaire Mountain Bloomberg.com
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