SpaceX has made its historic initial public offering, raising $85.7 billion and becoming the largest IPO in history. The company's stock opened at $150 on the Nasdaq public exchange and has continued to rise, with a 30% increase in midday trading.
Elon Musk, SpaceX's CEO, has become the world's first trillionaire, with his paper wealth exceeding $1 trillion. The IPO has also made 4,400 SpaceX employees potential millionaires.
The company's valuation has ballooned to $2.7 trillion, making it the fifth-most valuable company in the world. SpaceX has also announced plans to acquire Cursor for $60 billion in stock, just days after the IPO.
