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Last Friday, SpaceX went public and the world fixated on a single number.
At $135 a share, the company hit a valuation of roughly $1.77 trillion—the largest initial public offering (IPO) in history.
In the space of one trading session, Elon Musk became the first trillionaire the human race has ever produced. Impressive? Of course. But that is not the remarkable part.
Consider the sheer distance involved: Before Friday, Musk was already worth north of $800 billion, while the world’s second-richest person, Google cofounder Larry Page, sits below $300 billion.
