SpaceX, Elon Musk's rocket, satellite, and artificial intelligence-linked company, began trading on the stock market on Friday, in a debut that blasted off so successfully that it turned him into the world's first trillionaire.The stock opened at $150, above its IPO price of $135 per share, and climbed to $166 by about 12.20pm, making it the sixth largest US company by market value.
As the markets closed, SpaceX's stock price was at around $160, giving the company a market value of just over $2.1 trillion at the closing bell.
SpaceX shares surged nearly 20 percent by the closing bell, after rallying as much as 24 percent earlier in the session, as investors piled into what became the world's largest IPO.
The world's richest man, 54, benefitted from the rise in share prices minutes into trading. As the majority shareholder, Musk reportedly owns over 42 percent of SpaceX.
Musk, a South African-born, naturalized US citizen, has a net worth estimated to be between $1.1 trillion and $1.14 trillion, according to Forbes.
