SpaceX went public Friday with the biggest IPO ever, raising $75 billion at $135 per share and valuing the company at nearly $1.8 trillion; shares closed up nearly 20% at $160.95, pushing the market cap over $2.1 trillion.
Musk's 38% stake, combined with Tesla and other
holdings, hit $1.1 trillion per Forbes and Reuters, while 4,400 current and
former employees became millionaires from equity grants earned through tough
early years like Falcon 1 failures.
The event drew cheers for Musk's rocket innovations alongside criticism from Democrats and Senator Warren on wealth inequality, as Wall Street debates risks and Starship's future.
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