SpaceX made its stock market debut on Friday, closing at $161 per share—up 19 percent from its $135 initial offering price. The company now has a market value of $2.2 trillion, making it the sixth most valuable company globally. The IPO set a new record for the largest initial public offering in history.
The successful listing propelled Elon Musk's net worth to $1.11 trillion, according to the Bloomberg Billionaires Index, making him the world's first trillionaire. SpaceX began trading on the Nasdaq under the ticker symbol SPCX. The milestone echoes previous wealth records, drawing comparisons to John D. Rockefeller, who became America's first billionaire in 1916.