SynopsisElon Musk revealed that when he founded SpaceX he gave it less than a 10% chance of success. However, the aerospace giant on Friday, debuted on Nasdaq in the largest IPO ever, with its valuation surpassing $2 trillion. This blockbuster listing also propelled Musk to become the world's first trillionaire.Billionaire-turned-trillionaire Elon Musk said he founded SpaceX despite believing it had less than a 10% chance of success, arguing that the potential payoff of advancing humanity into space outweighed the risk of failure.Speaking on the occasion of the public listing of artificial intelligence (AI) assistant Grok parent company on US Nasdaq, Musk credited SpaceX employees and company president Gwynne Shotwell for transforming the company from a small warehouse-based startup into a publicly listed aerospace giant.“I gave SpaceX less than a 10% chance of succeeding at all, to be clear. In fact, I told people this. I said, look, we're probably going to fail, but, you know, we should give it a try, because if we don't, if there's not a new company that enters space, we will never be a truly space-faring civilisation… It is certainly hard to believe that a little company that started in a warehouse in El Segundo is now going public with the largest IPO ever,” Musk said during the public listing ceremony of SpaceX on Friday.Also Read: What Elon Musk's trillion would mean in real termsHe added that SpaceX was created to pursue the long-term goal of making humans a multi-planetary species by developing technologies that could make space travel accessible to the general public and enable missions to the Moon, Mars and beyond.“We want to be able to take anyone who wants to go to the moon, anyone who wants to go to Mars, or anywhere in the solar system, and maybe beyond the solar system at some point, we want to be able to take you there, (and) not just a few astronauts,” Musk said.Also Read: States challenge Nasdaq, FTSE Russell for fast-tracking SpaceXMusk’s comments came as SpaceX debuted on Nasdaq in the largest IPO ever. The stock opened at $150 under the ticker SPCX, 11% higher from its IPO price of $135. At the time of writing, the stock has climbed as much as 20% above the $172 mark. The company’s valuation has already crossed the $2 trillion mark, making it more valuable than Musk's automotive company Tesla, which was worth about $1.2 trillion.The blockbuster listing also made Elon Musk the world’s first trillionaire, with the Bloomberg Billionaires Index estimating his net worth at roughly $1.05 trillion. His fortune is now almost three times more than that of the world’s second-richest person, Google cofounder Larry Page, with a net worth of $293 billion, according to the Associated Press. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now