Elon Musk has become the first trillionaire in history following the public debut of SpaceX on the Nasdaq. According to local media reports, the aerospace company’s valuation reached $2 trillion as shares surged between 20% and 25% after starting to trade at $150 per share.
How SpaceX shares performed on the Nasdaq
SpaceX shares began trading at $150, according to local media reports. The stock experienced an immediate upward trend upon its Nasdaq debut, with reports on the gain varying between 20% and 25%.
This price action drove the company’s total market valuation to $2 trillion, according to local media reports.
Who benefited from the SpaceX public offering?
The transition to a public company significantly altered the net worth of the organization’s founder and its workforce. According to local media reports, the valuation of his holdings has made Elon Musk the first person in history to reach trillionaire status.
The financial impact extended to the company’s employees. Local media reports state that approximately 4,000 workers became millionaires as a result of the SpaceX listing.
