Elon Musk shatters records with monster SpaceX stock market debut that will make him a trillionaire

Trading in shares of Elon Musk’s rocket ship company SpaceX blasted off on Friday, marking the dramatic debut of the biggest initial public offering in history.

Late on Thursday, SpaceX priced 555.6 million shares at $135 each - instantly valuing the company at $1.77 trillion dollars, making more valuable than Musk’s side gig, Tesla - and the seventh most-valuable US public company.

With around $75 billion in stock being floated on the Nasdaq today, the debut will create 4,000 new millionaires. 

A lucky inner circle of around 400 employees stand to earn as much as $100 million each - a few dozen could walk away with more than $500 million each.

But the biggest winner is without question Musk, who’s poised to be the world’s first trillionaire based on his combined stakes in SpaceX and Tesla

In a livestream before the opening of trade, Musk revealed that SpaceX has been cash-flow positive since around 2015 - but analysts say the only profitable part of the business today is the Starlink satellite internet division.

‘SpaceX is the ultimate growth stock. I think this is a company with significant growth potential ahead of it,’ Gabelli Funds portfolio manager John Belton told the Daily Mail.

‘It's definitely going to be a long-term story, and I think it will take time for the stock to find its footing in the public markets. But there are a lot of exciting opportunities ahead,' Belton told us.

One eye-watering figure in SpaceX’s filing was the claim that its 'total addressable market' was $28.5 trillion - that's almost 88 percent of the total value of the entire US economy.