Musk becomes world's first trillionaire as SpaceX shares jump
Shares in Elon Musk's SpaceX jumped 11 percent to $150 on their first day of trading on June 12 after the biggest initial public offering in history, making the polarizing entrepreneur the world's first trillionaire as he vowed to take humanity to Mars.
The blockbuster operation, which raised more than $75 billion, is expected to kick off a series of major IPOs by AI companies in the coming months.
The debut on the Nasdaq exchange in New York capped weeks of investor frenzy over the rocket company turned AI and satellite conglomerate.
"SpaceX wants to be able to take you to the moon, take you to Mars, and ultimately beyond," Musk said at a launch event in Starbase, Texas, surrounded by staff.
