Shares of SpaceX soared 19% in their Wall Street debut, making the rocket maker’s founder and CEO Elon Musk the first-ever trillionaire. The shares opened at $150 and finished Friday slightly below $161. That price gave the company a market value of around $2.1 trillion. Forbes estimates that Musk, who is also a major shareholder in Tesla, is now worth $1.1 trillion. Musk says SpaceX is going public because it needs money to fund its ambitions of putting satellites and data centers in space and eventually establishing a colony of people on Mars. The $75 billion in proceeds from the IPO tops the previous high of $26 billion for Saudi Aramco's IPO in 2019.

SpaceX opens for trading at $150 per share, up 11%, giving rocket maker a market value of $1.96 trillion.

Elon Musk is all about big numbers — millions, billions, even trillions – and there are plenty of them associated with SpaceX and Musk’s plans to take the rocket maker public. The prospectus for SpaceX's initial public offering shows spending at a massive scale — greater than economic output of some countries — and about to grow much larger as Musk races to make good on his promise to hurl people to distant planets. Money raised in the initial public offering — estimated to be $75 billion — will help. The IPO could rank as the largest ever and make Musk the world's first trillionaire.

Elon Musk’s rocket company SpaceX will make its debut on Wall Street Friday. Both institutional and retail investors are expected to gobble up the 555.6 million shares going up for sale at $135 apiece. Musk is already the world’s richest man and he could become its first trillionaire. Musk says the company is going public because it needs money to fund its ambitions of putting satellites and data centers in space.

Astronauts aboard the International Space Station have briefly taken shelter during a repair to fix a new leak. The five astronauts moved to the docked SpaceX capsule on Friday while cosmonauts worked to fix the leak on the Russian side of the orbiting laboratory. NASA says this was done “out of an abundance of caution.” That part of the space station has suffered from cracks and leaks over the years. NASA said Roscosmos decided on a more extensive repair after fresh leaks were found. The astronauts were allowed to leave the capsule after repair work was paused.

SpaceX says it plans to raise up to $75 billion when it goes public this month, setting the stage for the largest-ever stock market debut and putting Elon Musk on course to becoming the world’s first trillionaire. The company, formally known as Space Exploration Technologies Corp., said Wednesday it will sell 555.6 million shares at $135 each in an initial public offering. The offering would give SpaceX a market value of $1.77 trillion. Only six companies in the S&P 500 are currently worth more. The estimated proceeds from the SpaceX IPO would easily top the $26 billion raised by oil giant Saudi Aramco in 2019.

SpaceX plans to raise up to $75 billion in an IPO that would be the largest ever and could make Elon Musk a trillionaire.

SpaceX has launched its biggest, most powerful Starship yet. The rocket blasted off from the southern tip of Texas on Friday, carrying 20 mock Starlink satellites on a test flight extending halfway around the world. Nothing was recovered as planned. It’s the 12th test flight of the rocket that Elon Musk is building to get people to Mars one day. But first comes the moon and NASA’s Artemis astronaut program. SpaceX’s newest Starship model made its debut two days after Musk announced he’s taking his company public.

SpaceX launches its biggest Starship yet on a test flight.

Elon Musk announced plans Wednesday for one of the biggest sales of stock to the public ever for his space company that is currently losing billions of dollars year. A filing Wednesday shows his SpaceX lost $2.6 billion from operations last year on $18.7 billion in revenue, and the losses kept piling up at the start of this year, too. Still, the initial public offering is expected to rank among the largest ever, possibly surpassing the current title holder, Saudi Aramco, the oil giant that went public seven years ago. The stock sale could also make Musk, a major owner who founded SpaceX in 2002, the world’s first trillionaire. Forbes currently puts his net worth at $839 billion.