
SpaceX opens 11% higher at $150 a share and makes Musk the first trillionaire
NEW YORK (AP) — SpaceX jumped 11% as the rocket maker’s stock opened for trading. That price gives the company a market value of $1. 96 trillion and is enough to make CEO Elon Musk the first-ever trillionaire. Institutional and retail investors jumped at the opportunity to buy 555. 6 million shares of SpaceX at the offering price of $135 apiece, making it the biggest IPO in history with proceeds of $75 billion. Musk says the company is going public because it needs money to fund its of and...
Read MoreFri, 12 Jun 2026
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