SpaceX opens 11% higher at $150 a share and makes Musk the first trillionaire (opens original article in a new tab)

Elon Musk could become the world's first trillionaire as SpaceX prepares for its $75 billion IPO, which is the largest ever, despite significant losses and investor concerns over corporate governance.

• Elon Musk may become the world's first trillionaire through SpaceX's IPO
• SpaceX's IPO is expected to raise $75 billion, surpassing Saudi Aramco's record
• Investors are betting on SpaceX despite its $8.7 billion loss between 2025 and 2026
• SpaceX's IPO includes provisions criticized by pension funds including super voting shares