Spacex Ipo Pushes Musk Wealth Past $1 Trillion

SpaceX went public in a blockbuster IPO, pushing Elon Musk's net worth above $1 trillion for the first time. The listing marks the first time retail investors can buy shares in the dominant private space company, which has long been the most anticipated IPO outside of the tech sector.

The offering gives SpaceX access to public capital markets for its long-term projects, including Starlink satellite internet and the Starship Mars program. Musk's personal stake in the company now adds to his holdings in Tesla, X, and xAI, pushing his combined wealth past the trillion-dollar threshold.

For investors looking to trade the stock, the IPO opens a new avenue into the space economy. Business Insider's Dan DeFrancesco and Joe Ciolli hosted a live Q&A covering the IPO's market impact and what comes next. The full discussion is available for subscribers.

Retail investors can buy SpaceX shares through any major brokerage. The company's first earnings report as a public entity will be the next catalyst for the stock, expected within 90 days.