Topline
SpaceX opened trading at $150 on the Nasdaq under the ticker SPCX, following the largest-ever initial public offering that set the stage for Elon Musk to become the world’s first trillionaire.
Elon Musk’s aerospace firm will likely shatter records in its trading debut.
AFP via Getty Images
Timeline
SpaceX opened trading just before noon at $150, rising nearly 20% to around $161.75 shortly after its debut.
SpaceX executives rang Nasdaq’s opening bell in New York City, and initial projections had SpaceX opening at $175 in what would have been a 30% jump for the stock, according to multiple reports.
The debut made Musk the world’s first trillionaire, with his fortune estimated at $1.1 trillion, and SpaceX the…
