Musk becomes first trillionaire as SpaceX shares surge on debut

SpaceX shares surge 19% on Nasdaq debut, vaulting Musk past $1 trillion net worth

Sky NewsSpaceX listed on the Nasdaq under ticker SPCX and gained 19% on its first trading day, pushing the company's market cap past $2 trillion and making it one of the top-10 largest US firms. The IPO was the decisive catalyst that pushed Elon Musk's combined net worth past $1.05 trillion, making him the world's first trillionaire. Musk rang in trading from SpaceX's Texas headquarters, calling it 'the largest IPO ever' and recalling he once gave the company less than a 10% chance of surviving.