SpaceX IPO Creates World's First Trillionaire

Elon Musk has officially become the world's first trillionaire with SpaceX's historic initial public offering on the Nasdaq stock exchange.

The company's shares soared in their debut, pushing its valuation to over $2 trillion and marking the largest IPO in history.

This milestone has not only minted thousands of new millionaires among current and former employees but also ignited discussions about the future of mega-IPOs, particularly for AI companies.

While the market celebrates this achievement, some experts, like former SEC Chair Gary Gensler, caution about the risks associated with such high valuations and the potential for AI models to create financial instability.