SpaceX made its highly anticipated public market debut on Friday, with shares closing at $161, a 19% jump from the $135 initial offering price. The listing valued the aerospace company at $2.2 trillion on the Nasdaq stock exchange, marking the world's largest IPO.
The successful debut also made Elon Musk the world's first trillionaire, with his net worth reaching $1.11 trillion according to the Bloomberg rich list. The strong market reception underscored investor confidence in SpaceX's dominant position in commercial space operations.