SpaceX, a leading space technology company, has gone public with an initial public offering (IPO) that has made its CEO, Elon Musk, the world’s first trillionaire. The company’s stock opened at $150 per share, giving it a market value of $1.96 trillion.

SpaceX’s Ambitious Goals

SpaceX has ambitious plans to establish a human colony on Mars, launch data centers into orbit, and develop artificial intelligence. The company has already made significant progress in reusable rockets and electric vehicles through its sister company, Tesla.

The IPO has raised $75 billion, making it the largest in history. Institutional and retail investors have shown strong interest in the company, with 555.6 million shares sold at the offering price of $135 per share.

However, not all investors are thrilled about SpaceX’s IPO. Some have raised concerns about the company’s governance structure, including the use of super voting shares and mandatory arbitration of shareholder claims.

Original reporting: NBC10 Boston — read the source article.