Elon Musk has become the world’s first trillionaire after shares of his space company SpaceX recorded a major rise following its historic stock market debut.
SpaceX shares increased by 11 per cent to $150 on the first day of trading after what was described as the largest initial public offering (IPO) in history.
The record-breaking launch raised more than $75 billion and strengthened Musk’s position as one of the most influential figures in technology and space exploration.
SpaceX IPO attracts strong investor interest
The successful market debut followed weeks of growing excitement from investors surrounding SpaceX, which has expanded beyond rocket development into satellite technology and artificial intelligence-related projects.
The company’s public listing is also expected to influence a wave of future IPOs involving major AI-focused companies.
Investors have shown strong confidence in SpaceX’s long-term vision and its role in the future of space technology.
Musk highlights mission to reach Mars
Speaking during a launch event at Starbase, Texas, Musk said SpaceX’s goal is to expand human access to space, including future missions to the Moon and Mars.
He praised the company’s team and expressed confidence that SpaceX would achieve its ambitious plans.
Musk said the company’s mission extends beyond current achievements and focuses on building infrastructure for future generations.
Investors attracted to Musk’s ambitious vision
The SpaceX milestone was marked at the Nasdaq headquarters in New York, where supporters gathered as the company celebrated its entry into the stock market.
A display in Times Square highlighted SpaceX’s message of developing technology for the future.
Financial observers said Musk’s ability to set ambitious goals that appear beyond current limits has helped attract strong public and investor interest.