SpaceX had its largest-ever initial public offering Friday, opening at $150 a share—an 11 percent jump from the IPO price. The aerospace and satellite company, which also operates as an AI firm and owns social media platform X, has propelled its CEO Elon Musk to become the world's first trillionaire. According to Variety, the public offering marks a significant validation of the company's diverse operations.

Listen to this story

Hear this and more stories in a personalized audio briefing.

Open The Chonkerton