Elon Musk becomes world’s first trillionaire as SpaceX soars 23% in Wall Street debut (opens original article in a new tab)

SpaceX shares surged 23% on their Wall Street debut, making Elon Musk the first trillionaire with a net worth of $1.1 trillion. The IPO raised $75 billion, setting a new record, but some analysts question the stock's valuation.

• SpaceX shares rose 23% on Wall Street debut, reaching a market value of $2.18 trillion.
• Elon Musk became the first trillionaire as his net worth reached $1.1 trillion according to Forbes.
• SpaceX raised $75 billion in its IPO, surpassing the previous record set by Saudi Aramco in 2019.