Elon Musk rang the opening bell at the Nasdaq on Thursday as SpaceX commenced trading under the ticker $SPCX, marking the historic public listing of the private space company. Musk's 42% stake in the company is valued at roughly $866 billion, pushing his personal net worth above $1 trillion, according to media reports.
Elon Musk rang the opening bell at the Nasdaq on Thursday as SpaceX officially began trading under the ticker $SPCX, capping the most anticipated IPO in years. The company was valued at $1.77 trillion at the opening price of $135 per share, with $75 billion raised from investors. Musk's 42% stake in the company is worth approximately $866 billion, pushing his total personal net worth above $1 trillion, making him the world's first trillionaire, as The Zioneer reported earlier today at 12:47 Jerusalem. The listing marks a dramatic shift: SpaceX, founded in 2002, was long seen as the ultimate private-company holdout in the space industry, and its public debut is expected to reshape capital flows into the sector. The first-day trading volumes were heavy, though exact closing figures are not yet available at this hour.
2 developments
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- DevelopingElon Musk becomes world's first trillionaire after SpaceX Nasdaq debut
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