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Elon Musk · IPO · SpaceX · Trillionaire
SpaceX's public trading debut on Friday saw its shares open at $150, quickly rising to $173, pushing the company's valuation to $2.3 trillion and making Elon Musk the world's first trillionaire with a net worth of nearly $1.1 trillion.
The company's market capitalization initially reached $2.1 trillion, establishing it as the sixth most valuable company globally, according to the article. Elon Musk, who controls approximately 82% of SpaceX after the initial public offering, now commands a fortune exceeding the gross domestic product of 197 countries.
His entrepreneurial journey began in the 1990s with Zip2 and PayPal, followed by substantial investments in Tesla, and more recently, ventures like Neuralink and The Boring Company. The IPO marks a significant milestone for SpaceX, which operates rocket, satellite internet, and artificial intelligence businesses, with Musk stating its mission is to "take you to the moon, take you to Mars and ultimately beyond." This event solidifies Musk's position as the wealthiest individual, far surpassing Google co-founders Larry Page ($257 billion) and Sergey Brin ($237 billion), and Amazon's Jeff Bezos ($224 billion), as reported by Forbes' 2026 billionaires list.
