The Chonkerton

Elon Musk Becomes First Trillionaire With SpaceX IPO: Company’s Stock Climbs Skyward in Biggest-Ever Public Offering

business

According to Variety, Elon Musk has officially become the world's first trillionaire, a distinction marked by SpaceX's debut on the public markets Friday. The aerospace company's stock opened at 150 dollars per share, climbing 11 percent above its IPO pricing in what's already being called the largest initial public offering on record. SpaceX, which operates as a multifaceted conglomerate encompassing rocket manufacturing, satellite internet through Starlink, artificial intelligence research, and ownership of the social platform X, has validated Musk's private valuation in the eyes of public markets. The robust demand reflects investor confidence in the company's diversified revenue streams and ambitious missions, from commercial spaceflight to lunar infrastructure.

Source: https://variety.com/2026/biz/news/spacex-stock-ipo-shares...

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