SpaceX stock gains 19% in historic IPO

SpaceX, the largest IPO to ever hit the public market, began trading and soared 30%, making Elon Musk the world’s first trillionaire.

It might have been SpaceX’s most ambitious launch yet.

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Shares of Elon Musk’s rocket company gained 19% Friday to close at $160.95 on the SpaceX’s first day of trading on the Nasdaq stock exchange. The largest initial public offering ever raised $75 billion for the company and made Musk the world’s first trillionaire.

The stock began the day trading at $150, and at one point shares surged over 30%, briefly giving SpaceX a market value of more than $2.25 trillion.