SpaceX Opens at $150 on Nasdaq, Musk First Trillionaire
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- SpaceX debuted on the Nasdaq at $150 per share after pricing the offering at $135, with the valuation climbing above $2 trillion in early trading.
- Elon Musk became the world's first trillionaire on the back of the listing, a milestone highlighted across CNBC, Bloomberg Law, the Washington Examiner, and the AP.
- The IPO raised $75 billion at the $135 share price, making it the largest public offering in U.S. history, per the New York Post, The Independent, and CoinDesk.
- Shares opened roughly 11% above the $135 pricing, with Benzinga reporting the stock later hit $165 and Tech Times noting it topped $160 in its debut session.
- Nasdaq came "under pressure" as SpaceX began trading, per Proactive Investors — a market context most other outlets did not foreground in their headlines.
- Paul Krugman framed the moment differently, calling Musk a "Human Ponzi Scheme" in a Substack post that ran alongside the straight IPO coverage on Techmeme.
Why it matters: A $75 billion raise at a $2 trillion-plus valuation resets the ceiling for public debuts and crowns the first trillionaire in history, while the noted pressure on the Nasdaq index during the open shows the listing absorbed meaningful market attention on day one.
