SpaceX IPO lifts Elon Musk above $1 trillion (opens in new tab)

SpaceX’s Nasdaq debut on Friday made Elon Musk the first person whose estimated net worth topped $1 trillion, after the rocket, satellite and AI company priced its initial public offering at $135 a share and began trading under the ticker SPCX. The company sold 555.6 million shares, raised $75 billion and was valued at about $1.77 trillion before trading began. SpaceX shares opened at $150, climbed as high as the mid-$170s in intraday trading and closed at $160.95, valuing the company above $...