SpaceX IPO Live Updates: Elon Musk Becomes World’s First Trillionaire as Stock Begins Trading (opens in new tab)

SpaceX, Elon Musk’s rocket and A.I. company, broke records as it began trading on the stock market on Friday, making him the world’s richest man its first trillionaire and signaling a new era of ultra-affluence and widening wealth inequality. The company’s IPO price opened at $150 a share, more than the price in its initial offering. SpaceX could pave the way for other enormous debuts, including by the A.I. companies Anthropic and OpenAI, which both filed confidentially for IPOs this month. F...