Elon Musk became the world's first trillionaire following SpaceX's record-breaking IPO debut on June 12. The offering raised $85.7 billion, the largest IPO in history.
SpaceX priced 555.6 million shares at $135 each, initially raising $75 billion. The stock opened at $150 on Nasdaq, up 11%, and closed day one at $160.95, a 19% gain. Intraday trading hit a 30% jump.
Robinhood reported record-breaking traffic on its platform in the hours after SpaceX's debut, as retail traders rushed to buy shares.
Days after the IPO, Musk announced SpaceX would acquire Cursor for $60 billion in stock.
SpaceX's valuation climbed to $2.7 trillion, making it the fifth-most valuable company in the world, ahead of Amazon.
Musk posted on X: "I love the incredible people of SpaceX beyond words." He also reposted IPO celebrations, including a photo of insiders wearing green shoes, a reference to the "green shoe option" underwriting provision.
SpaceX COO Gwynne Shotwell suggested during a CNBC interview on June 12 that a merger between SpaceX and Tesla might make Musk's life "a little easier."
Goldman Sachs and Morgan Stanley earned roughly $500 million in total IPO fees.
