SpaceX closes record IPO as Musk's paper fortune tops $1 trillion (opens in new tab)

SpaceX began trading on Nasdaq under the ticker SPCX on Friday after pricing 555.6 million shares at $135 apiece, raising about $75 billion in the largest initial public offering on record. The sale valued the rocket, satellite and AI company at about $1.77 trillion before trading opened. The stock opened at $150 and closed at $160.95, up about 19%, lifting SpaceX’s market value above $2 trillion. It also pushed Elon Musk’s paper net worth past $1 trillion, according to Bloomberg, Forbes-base...