SpaceX Launches Record $75 Billion IPO, Musk Becomes First Trillionaire

SpaceX raised $75 billion in the largest IPO ever, debuting on Nasdaq under SPCX at $135 per share before climbing 25% to a $2 trillion market cap.

Musk, holding 38-42% of the company, saw his net worth surpass $1.1 trillion, fueled by SpaceX and Tesla stakes.

At Starbase, he told cheering employees he once saw just a 10% chance of success, calling the moment unbelievable while stressing bold risks for humanity's space future.

 Despite a $4.2 billion operating loss last year, the surge reflects faith in SpaceX's launch dominance and Mars ambitions.