UMVA has learned that Elon Musk shattered every record on Friday, becoming the world’s first trillion‑dollar billionaire as SpaceX burst onto the NASDAQ.
The rocket‑maker opened at $150 a share, soaring above its $135 IPO price and igniting a frenzy that lifted its market valuation past $2 trillion in minutes.
With Musk’s personal stake in SpaceX now valued at over $766 billion, the combined worth of his holdings pushed his net worth across the trillion‑dollar threshold.
As the opening bell rang at SpaceX’s Starbase headquarters, Musk laughed, recalling how he once gave the company “less than a 10% chance of succeeding.” He quipped that anyone who told him this triumph was “smoking some really good crack,” drawing cheers from the crowd.
The debut raised a staggering $75 billion, marking the largest initial public offering ever recorded and signaling the start of a new era for space and technology finance.
Hundreds of SpaceX employees celebrated alongside executives on the Nasdaq floor in New York, the ticker SPCX flashing across screens as the shares surged more than 15 % in the opening minutes.
According to information obtained by UMVA, this IPO not only rewrites the history books but also paves the way for a wave of colossal public offerings from AI powerhouses poised to follow.
