SpaceX, founded by Elon Musk, has officially gone public with a record-breaking initial public offering (IPO). The company’s shares settled at $160.95, up 19.22% from its IPO price of $135. This makes SpaceX the sixth-largest publicly traded US company, with a current market value that is a testament to its innovative approach to space exploration and technology.

Key Numbers

The numbers behind SpaceX’s IPO are impressive. Elon Musk’s net worth has increased, making him the world’s first trillionaire. He owns nearly half of SpaceX’s stock. The company’s employees, numbering over 12,000, are likely to see significant benefits from this development, with many becoming millionaires. Additionally, SpaceX launched a number of Starlink satellites into orbit on the day of the IPO, further expanding its presence in space.

The IPO has also seen a record number of retail investors, with Fidelity receiving over 100,000 buy orders in less than an hour. This level of interest is a clear indication of the public’s enthusiasm for SpaceX and its mission. As the company continues to grow and expand, it will be interesting to see how it impacts the space industry and beyond.

Original reporting: KEYT (Ventura/Santa Barbara) — read the source article.