SpaceX has become a publicly traded company, listing on the Nasdaq exchange in New York City at $135 a share. By the end of the trading day, the company's shares had risen to $160.95, a 19 percent increase.
This development marks a significant shift for the company, as it is now owned by investors who will expect it to generate profits.
The public listing has also made SpaceX founder Elon Musk the world's first trillionaire, with his personal stake valued at over $700 billion. Additionally, thousands of current and former employees have become overnight millionaires due to the company's stock options plan.
