SpaceX soared into the history books on its first day of trading, as investors piled into the hotly anticipated IPO to value the rocket, satellite and artificial intelligence company at a massive $US2.1 trillion ($2.99 trillion) – making founder Elon Musk’s the world’s first trillionaire.

As the first of the so-called “mega-cap” AI initial public offerings destined for Wall Street over the next year, SpaceX set a challenging precedent, hitting the boards in New York at $US150 per share, well above its $US135 issue price.

Loading…