SpaceX has made its highly anticipated initial public offering, pricing its 555.6 million shares at $135 each to raise $75 billion. The company's shares opened at $150 on the Nasdaq public exchange and continued to rise, closing at $161.11, up 19%.
The IPO has made Elon Musk the world's first trillionaire, with his paper wealth exceeding $1,000,000,000,000. Musk holds about 85.1% of the company's voting power, giving him significant control over the publicly traded version of SpaceX.
The IPO has also brought in significant fees for banks, with Goldman Sachs and Morgan Stanley being the big winners. SpaceX COO Gwynne Shotwell hinted at a possible merger between SpaceX and Tesla, saying it could make Elon Musk's life easier.
