Trump Allies Held Millions in SpaceX and xAI Stakes Before SpaceX IPO [View all]

Elon Musk's MAGA pals won big after his space exploration company went public in a record-breaking IPO.

SpaceX began trading under the ticker SPCX on Friday after Musk and COO Gwynne Shotwell rang the opening bell from Starbase in Texas and the Nasdaq MarketSite in New York.

The rocket company is selling 555.6 million shares at $135 a pop, making its IPO the largest on record at a staggering $75 billion. Investors quickly hopped on the bandwagon, sending SpaceX's valuation soaring past $2 trillion.

The world's richest man and President Donald Trump's onetime bestie, 54, founded SpaceX in 2002. Musk is now the world's first trillionaire, with his net worth surpassing $1.1 trillion following the launch of the IPO.

https://finance.yahoo.com/markets/stocks/articles/trump-allies-held-millions-spacex-175844001.html