Summary of key points about SpaceX's IPO in the United States: Musk's fortune is equivalent to seven Buffetts.
1. Breaking the record for the largest IPO in history: SpaceX opened at $150 per share on June 12, an 11% increase from the initial public offering price of $135 per share. This IPO raised a total of approximately $75 billion, making it the largest in history.
2. Market value skyrocketing to $2.2 trillion: By closing time, the company's stock price rose by 19%, resulting in a staggering market value of $2.2 trillion on a fully diluted basis.
3. Musk becomes the world's first " trillionaire": The IPO pushed SpaceX CEO Elon Musk's net worth slightly over $1 trillion, making him the first person in the world to break this wealth level. Ben Steverman analyzed in detail what Musk could do with this money from acquiring all car manufacturers in the United States, Europe, and Japan, to providing budget funding for NASA more than 41 times. In addition, Musk's wealth is equivalent to that of seven Warren Buffetts.
4. Individual investors flooding the market causing crashes: Individual investors went crazy buying SpaceX shares on the open market, leading to a surge in trading volume and even system crashes for trading services like Robinhood.
5. Musk exclaims "unbelievable": Musk mentioned the surreal feeling of this IPO in his speech at Starbase on Friday. He initially believed that the chances of SpaceX's success were less than 10%. "A small company that started in a warehouse in El Segundo is now going for the largest IPO in history, it really is unbelievable," Musk said.
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