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SpaceX made the biggest stock market debut in history on Friday after nearly two and a half decades as a private company. Public trading began around midday with a starting share price of $150, which quickly jumped by a double digit percentage and sent the company’s valuation above $2tn. The company’s initial public offering made the company’s CEO, Elon Musk, the world’s first trillionaire.
“It is certainly hard to believe that a little company that started in a warehouse in El Segundo is now going public with the largest IPO ever,” Musk said in an address at SpaceX’s headquarters. He reiterated the company’s mission to “make humanity multiplanetary” and “take the fiction out of science fiction”.
Executives rang the bell to open trading as Elton John’s Rocket Man played on the floor of the Nasdaq exchange.
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Meanwhile :Musk’s approach to humanity on planet earth: June 12/2026
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Elon Musk accused of amplifying anti-migrant content to more than 60 million on X amid Belfast disorder
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“As the owner of X and its most-followed user, Elon Musk has unparalleled power to shape what people see online. With that power comes responsibility for the content and conduct his platform promotes,” he said.
“Yet our research shows that he used the Belfast tragedy to amplify anti-migrant narratives to millions of users, prompting endless calls for violence. While communities dealt with the consequences of brutality and disorder, no individual played a bigger role in spreading this content on X than Musk himself.”
Imran Ahmed, Founder & CEO of CCDH
Source: Independent
Court Painter & Trillionaire