SpaceX Shares Surge 11% on Nasdaq Debut, Making Musk World's First Paper Trillionaire
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SpaceX shares opened at $150 on the Nasdaq stock exchange, surging more than 11 percent above their initial offering price in the company's public market debut. The strong market performance pushed Elon Musk's net worth to historic levels, making him the world's first paper trillionaire. The space exploration and satellite internet company's public listing exceeded investor expectations, reflecting strong confidence in the commercial space industry.