SpaceX IPO Pops 11%, Musk Becomes Trillionaire

SpaceX's debut on the Nasdaq stock exchange saw its shares surge 11% to $150, exceeding its IPO pricing. This strong performance was driven by significant investor demand, with the IPO being oversubscribed four times. The limited float of available shares and strategic inclusion in major indexes are expected to further boost demand. This successful IPO has likely propelled founder Elon Musk to become the world's first trillionaire, while also creating hundreds of millionaires among employees and early investors.