Topline<\/p>\n
SpaceX on Friday promoted a series of merchandise celebrating its trading debut and record-setting initial public offering that made CEO Elon Musk the world\u2019s first trillionaire, with products ranging from a $125 bell to apparel that claims, \u201cThe future is public.\u201d<\/p>\n
\u201cThe future is public,\u201d a newly listed T-shirt reads.<\/p>\n
AFP via Getty ImagesKey Facts<\/p>\n
SpaceX\u2019s merchandise website includes<\/a> eight new items as of Friday, including some apparel, a tote bag ($45) and patch ($15) embossed with the SPCX ticker and two T-shirts that read, \u201cThe future is public.\u201d<\/p>\n Among the new items is a bell shaped like SpaceX\u2019s Raptor rocket engine, an apparent reference to SpaceX executives participating in the Nasdaq\u2019s bell-ringing ceremony Friday morning, with preorders valued at $125.<\/p>\n Shares of SpaceX are up 21% since trading opened for the stock shortly before noon, rising from $150 to just over $164.<\/p>\n forbes valuation<\/p>\n Musk is by far the world\u2019s richest person with a net worth of $1.1 trillion<\/a>, according to Forbes\u2019 estimates. Google cofounders Larry Page and Sergey Brin rank second and third with fortunes of $294.8 billion and $271.9 billion, respectively, the latter of which is just 24% of Musk\u2019s. Musk owns 4.8 billion shares of the rocketmaker, valued at $715 billion, and another 350 million stock options with an exercise price of $8.40 per share, worth $50 billion, bringing his total stake to about $765 billion. Forbes previously estimated Musk\u2019s 40% stake at around $500 billion.<\/p>\n key background<\/p>\n SpaceX\u2019s highly anticipated initial public offering raised a record $75 billion at $135 per share, valuing the firm at $1.77 trillion, making it the largest-ever debut. A surge after shares opened on Friday further extended SpaceX\u2019s market value ($2.1 trillion) ahead of Musk\u2019s Tesla, valued at $1.4 trillion. The IPO was criticized by some analysts and lawmakers who argued shareholders would be negatively affected by Musk\u2019s voting power, including Sen. Elizabeth Warren, D-Mass., who asked the Securities and Exchange Commission to delay the debut and said Musk was granted an \u201cunprecedented level of power\u201d over investors. Morningstar analysts wrote earlier this week that SpaceX will trade at $63 per share, roughly half of its IPO price, and \u201cBig Short\u201d investor Michael Burry wrote there was \u201cnothing\u201d in SpaceX\u2019s IPO filing suggesting the company was worth $1 trillion, \u201clet alone $2 trillion.\u201d<\/p>\n further readingForbesSpaceX\u2019s IPO Just Made Elon Musk The World\u2019s First TrillionaireBy Matt Durot<\/a>ForbesSpaceX Opens At $150\u2014Surging 20% After Largest IPO Ever (Live Updates)By Ty Roush<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Topline SpaceX on Friday promoted a series of merchandise celebrating its trading debut and record-setting initial public offering…\n","protected":false},"author":2,"featured_media":1022810,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[3844],"tags":[295,1606,70,413,282788,1603,269803,282791,282789,282790,16,15],"class_list":["post-1022809","post","type-post","status-publish","format-standard","has-post-thumbnail","category-space","tag-elon-musk","tag-elon-musk-net-worth","tag-science","tag-space","tag-space-x-ipo","tag-spacex","tag-spacex-ipo","tag-spacex-merch","tag-spacex-shares","tag-trillionaire","tag-uk","tag-united-kingdom"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/116739531740852614","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/1022809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=1022809"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/1022809\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/1022810"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=1022809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=1022809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=1022809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}