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Updated 3d ago
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Musk's SpaceX stake is worth over $1 trillion. Here are the other billionaire shareholders
SpaceX transitioned to a public company on Friday, with shares debuting at $135 and closing the first day at $160.95. The listing pushed Elon Musk's personal stake value to $1.03 trillion. The company's market capitalization reached $2.11 trillion, placing it between Amazon and Broadcom.
What changed
SpaceX has completed its initial public offering and is now trading on the Nasdaq.
Live updates
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Elon Musk's SpaceX Stake Exceeds $1 Trillion Following IPO
confidence 95%SpaceX transitioned to a public company on Friday, with shares debuting at $135 and closing the first day at $160.95. The listing pushed Elon Musk's personal stake value to $1.03 trillion. The company's market capitalization reached $2.11 trillion, placing it between Amazon and Broadcom.
What's confirmed:
- SpaceX became a publicly traded company on Friday.
- Elon Musk's stake in SpaceX reached a value of $1.03 trillion by the end of the first trading day.
- The IPO price for SpaceX shares was set at $135.
- SpaceX's market capitalization hit $2.11 trillion by the end of its first day of trading.
- The company's stock price closed at $160.95 on its first day.
- The SpaceX IPO created new billionaires among executives, board members, and early investors.
Still unconfirmed:
- Gina Rinehart invested $1 billion in SpaceX to supply critical minerals through Hancock Prospecting.
- SpaceX shares rose 37% after its debut week.
- The SpaceX IPO is the biggest wealth event since Facebook went public.