SpaceX, founded by Elon Musk, has made a record market debut with its initial public offering (IPO). The company’s shares settled at $160.95, up 19.22% from its IPO price of $135.

Key Numbers

The IPO has made Elon Musk the world’s first trillionaire, with a net worth of over $1 trillion. Musk owns nearly half of SpaceX’s stock. The company’s current market value is over $1 trillion, making it the sixth-largest publicly traded US company.

Other notable numbers from the IPO include the number of SpaceX shares that Musk’s pay package will allow him to buy at a relatively low price, which is contingent on SpaceX having a colony on Mars with 1 million people. Fidelity received over 200,000 SpaceX buy orders in less than an hour, a record number of retail investors.

SpaceX has over 12,000 employees, with many likely becoming millionaires due to the company’s successful IPO. The company launched 56 Starlink satellites into orbit on the day of the IPO.

Original reporting: KRDO (Colorado Springs metro) — read the source article.