Elon Musk becomes world’s first trillionaire as SpaceX begins trading on the Nasdaq

Elon Musk just became the world’s first trillionaire.

With SpaceX opening on the Nasdaq at $150 a share, his stake in the company is worth over $766 billion. Combined with his Tesla stake, which is worth $280 billion, Musk’s net worth from both companies as of Friday is roughly $1.05 trillion. 

SpaceX shares soared on Friday as trading commenced on the Nasdaq, driving the rocket company’s valuation above $2 trillion.

The Elon Musk-led space company’s stock traded 17% higher in midday trading.

SpaceX opened at $150 per share, marking a roughly 11% gain over its $135 IPO price. But that number was off the $175 level initially shown in indications of interest to trading desks.