Rocket and data center business SpaceX has gone public on the Nasdaq.
Shares in the company quickly jumped 20 percent at IPO, already the world's largest public listing. The increase brought the company's market cap above two trillion dollars.
– SpaceX
Founder and CEO Elon Musk's 38 percent stake in SpaceX is now worth around $800bn. Combined with his Tesla stake, worth around $165bn at more than 10 percent, stakes in Neuralink, the Boring Company, and other investments, Musk has become the world's first trillionaire.
Musk's rocket business, which merged with xAI, plans to deploy 'data centers' in space. The company has filed to launch up to a million compute satellites, with the company detailing the proposed AI1 satellite design earlier this month.
