Elon Musk Becomes the World's First Trillionaire
The debut valued SpaceX at just under $1.8 trillion and made thousands of employees millionaires, while Musk folded his xAI business into the company.
- On Friday, SpaceX rang the Nasdaq opening bell, marking its debut as a public company with the largest IPO in history, raising about $75bn.
- Elon Musk founded SpaceX in 2002 and recalled giving it "less than a 10% chance" of succeeding during Friday's celebration at Starbase, Texas.
- The debut values SpaceX at under $1.8tn, though Morningstar puts fair value near $780bn; more than half of about 22,000 employees invested almost $1bn in stock.
- While the listing minted thousands of employee millionaires, a Danish pension fund blacklisted the IPO over governance concerns, even as the filing granted Musk dominant voting power.
- SpaceX aims to "take the fiction out of science fiction" by carrying people to the Moon and Mars, while absorbing Musk's xAI business with "gigawatt-class compute.
42 Articles
42 Articles
Today SpaceX debuted at Nasdaq and wrote economic history. With a proceeds of 75 billion dollars and a valuation of about 1.77 trillion dollars, the company catapulted into a new economic orbit. Elon Musk became a billionaire and thousands of his employees became millionaires or dozens of millionaires through stock options. The left once again has foam in front of its mouth and demands wealth taxes. What they will never understand: capitalism ha…
The listing of Space X on Nasdaq began spectacularly, in an event already considered the largest initial public offer (IPO) in history, which made the richest man in the world become the first trillionaire (a thousand billion) on Earth. The actions of Elon Musk's company ended the first day at $160.95, with ...
SpaceX makes history in largest ever initial public offering
When SpaceX stock began trading on the NASDAQ, company founder Elon Musk became the world’s first trillionaire. Many of his current and former employees also now find themselves to be multi-millionaires. NBC News’ Christine Romans reports.
My morning sweating it out with Elon Musk fanboys and SpaceX skeptics
Paola Chapdelaine for BII was at the Nasdaq building when SpaceX went live on Friday morning.The record-breaking IPO brought together Musk fans, tourists, and some poised to win big.Here's everything I saw in a sweltering Times Square during the historic event.Astronaut costumes. No-shows. Soon-to-be very rich people.I spent Friday morning outside the Nasdaq's headquarters in Times Square, when SpaceX debuted on the exchange under the ticker SPC…
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