๐๐น๐ผ๐ป ๐ ๐๐๐ธ ๐๐ฒ๐ฐ๐ผ๐บ๐ฒ๐ ๐ช๐ผ๐ฟ๐น๐ฑ'๐ ๐๐ถ๐ฟ๐๐ ๐ง๐ฟ๐ถ๐น๐น๐ถ๐ผ๐ป๐ฎ๐ถ๐ฟ๐ฒ ๐๐ณ๐๐ฒ๐ฟ ๐ฆ๐ฝ๐ฎ๐ฐ๐ฒ๐ซ ๐๐ฒ๐ฏ๐๐
Elon Musk became the world's first trillionaire on Friday. SpaceX listed its shares on the Nasdaq. The stock jumped more than 21 percent after the listing. Bloomberg estimates Musk's fortune now exceeds $1 trillion.
Most of this wealth exists on paper. It comes from his stock holdings.
SpaceX now ranks among the most valuable companies in the world. Investors bought shares based on Musk's work in rockets, satellites, and artificial intelligence. The stock rose 11 percent in early trading. The company is now worth about $1.96 trillion.
The listing tests investor interest in large IPOs. Other AI firms, including Anthropic and OpenAI, plan similar offerings. Market watchers also see this as a test of the "Musk premium." This premium has long supported high values for his companies.
SpaceX lost nearly $5 billion last year. Its revenue was $18.7 billion. Still, investors back the firm because it leads the space industry. Its Starlink satellite network is growing fast. The company also has AI goals.
SpaceX says its total market opportunity is worth $28.5 trillion. This covers space, communications, and AI.
Some analysts question the price. The company trades at about 94 times its revenue. Morningstar says a fair value would be near $780 billion. Other experts say normal math misses the long-term potential of a firm working to change several industries at once.