On SpaceX Day, Elon Musk stands on the brink of becoming the world's first trillionaire as the company makes waves in the public markets. This article explores the implications of SpaceX's IPO, market reactions, and the challenges posed by global economic factors.
Happy SpaceX Day everyone.
Today may go down in history as the day Elon Musk could become the world's first trillionaire, and the day SpaceX blasted off into the public markets.
The company already made history yesterday by selling 555.6 million shares priced at $135 each, raising the $75 billion that it was looking for and giving the company nearly achieved the $1.8 trillion valuation that it was targeting.
It equals the combined value of the 29 biggest IPOs in US history since 2000 – adjusted for inflation – including Meta, Google, Hilton, Airbnb, DoorDash, Uber, Snowflake and GM.
