SpaceX IPO Pushes Musk to Trillionaire as Space Stocks Drop
SpaceX soared 19% above its $135 IPO price to close at $160.95, valuing the company at $2.1 trillion and making Elon Musk the world’s first trillionaire, while smaller space stocks like Virgin Galactic and Rocket Lab plunged as investors rotated into SpaceX, Reuters reported.