SpaceX goes public in the largest IPO ever, and Musk crosses the trillion-dollar line
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Why it matters: The largest IPO in history did two things at once: it made Elon Musk the world's first trillionaire, and it quietly converted a privately held rocket company into a stock that millions of investors may soon own whether they chose to or not. SpaceX isn't asking Wall Street to price its launches or its satellites. It's asking the market to bet that a rocket company is on its way to becoming one of the most valuable AI companies on Earth, and to start paying for that future today.
SpaceX began trading on the Nasdaq on Friday under the ticker SPCX, and the numbers attached to the debut are the kind that usually require a footnote to believe. The company priced 555.6 million Class A shares at $135 on Thursday...
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