The SpaceX IPO made Musk a trillionaire. The old rules of capitalism no longer apply

‘The closer you look at the SpaceX IPO, the more it looks like Musk’s ill-fated Doge.’ Photograph: John Angelillo/UPI/Shutterstock

Elon Musk is now the world’s first trillionaire, after his SpaceX exploration and satellite company went public on the Nasdaq on Friday.

With shares priced at $135 each, Musk’s aerospace and satellite maker soared to an overall market valuation of approximately $1.77tn – which raised Musk’s net worth (which had already hovered at the astronomical $813bn) into the $1tn stratosphere.