When SpaceX went public on Friday, it kicked off the first day of trading
for what might have been the most highly anticipated initial public offering in history.
It was certainly the most expensive one.
SpaceX shares opened at a record $150 a piece.
In Texas, CEO Elon Musk stood in front of a video of rockets launching and addressed investors.
And let me tell you, if people had told me this was gonna happen,
I was like, man, you must be smoking some really good crack.
But the IPO itself wasn't the only history made last week.
SpaceX, going public, also made Musk the world's first trillionaire.
The stake in SpaceX now worth $820 billion.
You add in that Tesla stake worth about $280 billion.
And as total net worth as we have it right now is over $1.1 trillion.
It's remarkable.
It's clearly a watershed moment.
Our colleague, Teo Francis, covers executive pay.
Why is this an important moment?
It's pretty striking.
You know, I do our annual ranking of executive pay of CEO pay and every year there's
a few CEOs who make 100 million or more.
100 million, like that's a lot of money.