Elon Musk Becomes First Trillionaire With SpaceX IPO: Company’s Stock Opens Up 11% in Biggest-Ever Public Offering

Elon Musk became the world's first trillionaire on Friday following the initial public offering (IPO) of his company, SpaceX. SpaceX's stock opened at $150 per share, an 11% increase from its IPO pricing, marking the largest IPO in history. SpaceX, which operates as a rocket manufacturer, satellite internet provider, AI firm, and owner of X (formerly Twitter), saw its valuation surge significantly with this public debut. The company's successful IPO underscores its substantial growth and market position in the aerospace and technology sectors. This event positions Musk at the forefront of global wealth, driven by the success of his diverse ventures.