SpaceX shares surged from their opening price of $135 following Friday’s listing on Wall Street. The share price rose by more than 15 per cent within minutes.

SpaceX has issued 555.6 million shares, under the ticker SPCX, at a value of $135 per share. At around 18:40, the share price had climbed to approximately $168, according to The Wall Street Journal.

The world’s richest man, Elon Musk, is becoming even richer following the largest stock market listing in history, and at the time of writing is the first dollar trillionaire in history.

SpaceX is primarily a spaceflight company, which also provides internet coverage through the Starlink satellite communications system, which is, among other things, highly important for Ukraine in the war against Russia. (NTB)

Billionaire Elon Musk. Photo: Gage Skidmore /CC BY-SA 4.0/Wikimedia

To the Moon and Mars

Musk has major plans for SpaceX.

“SpaceX wants to be able to take you to the Moon, to Mars, and ultimately even farther out into space,” Musk said in his opening speech on Friday.

“It is definitely hard to believe that the small company that started in a warehouse in El Segundo is now going public with the largest listing ever,” Musk said during a live broadcast on X, which is now part of SpaceX.

There were demonstrations in Times Square in New York City in connection with today’s stock market listing.

SpaceX is now valued at a staggering $2 trillion.