SpaceX shares jumped 19% in their Nasdaq debut on Friday, sending the company¡¯s value past $2 trillion to make it the sixth-biggest U.S. company by value and turning Elon Musk into the world¡¯s first trillionaire.
Investors jumped at the chance to get a piece of Musk¡¯s sprawling empire spanning rockets, satellites and AI after the record-setting $75 billion IPO.
More than 510 million shares worth about $84 billion changed hands, even though SpaceX is currently unprofitable and generated only a fraction of the revenue brought in by similarly valued tech giants.
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