SpaceX Market Debut Crowns Elon Musk First Trillionaire

The stock opened at $150, comfortably clearing the $135 pricing set Thursday. High demand fueled an intraday peak of $176, driven by an IPO that was oversubscribed fourfold. Because only 4% of shares hit the public float, institutional appetite remained ravenous. The company leveraged a rule change with the Nasdaq 100, ensuring rapid index inclusion that will force automated fund buying in the coming days.

This liquidity event represents a seismic shift for venture capital. Founders Fund, which deployed $600 million for a 3% stake, now sees its position valued at over $50 billion. Sequoia and Andreessen Horowitz also realized massive gains, with their holdings valued at $20 billion and $10 billion respectively. Beyond the institutional winners, the debut minted 4,400 new millionaires among current and former staff, with roughly 400 individuals reaching centimillionaire status.