Elon Musk becomes the world's first trillionaire after SpaceX IPO

After the much-awaited public listing of SpaceX, Elon Musk has created history by becoming the world's first trillionaire.

The aerospace and artificial intelligence company's share price saw a huge jump during its entry in the stock market, taking the company's valuation to more than $2 trillion.

SpaceX entered the stock market with an IPO price of $135 per share. Investor enthusiasm immediately drove the share price up; It opened at $150 and closed at around $161.11 on its first day of trading.

As the largest shareholder of SpaceX, Elon Musk's personal wealth has also crossed the $1 trillion mark, making him the first person to achieve this milestone.

The IPO raised approximately $75 billion and is the largest public offering in history, surpassing all previous listings worldwide.

His increasing involvement in politics has also given rise to controversies. One of the most talked about incidents was his participation in US President Donald Trump's 'Department of Government Efficiency' last year.

The biggest IPO in history: SpaceX

This record-breaking IPO has broken the previous benchmark set by Saudi Aramco in the year 2019. SpaceX not only outperformed Aramco's valuation, but also raised significantly more capital through its public offering.

Institutional investors, retail traders and large investment funds have shown strong interest in the company.

Financial experts described the event as a turning point for companies focused on technology and innovation that want to access public markets.

spacex company

It was started by Elon Musk in the year 2002. SpaceX started with a big vision of making space travel more affordable and eventually establishing human settlements on Mars.

The company faced many difficulties in its early years, including rocket failures and financial problems. However, great success was achieved by creating reusable rockets and significantly reducing launch costs.

Elon Musk's influence extends far beyond just SpaceX. Today, he leads a network of companies spanning multiple industries, including electric vehicles, artificial intelligence, social media, satellite communications, and aerospace technology.

Special companies related to Elon Musk

SpaceX Space Technology, 2002

Tesla electric cars, 2003

xAI Artificial Intelligence

X Social Media, October, 2022

starlink satellite internet

The Boring Company, 2016.