He was overjoyed!
Newly minted billionaire Elon Musk marked SpaceX’s glittering IPO, along with the employees who helped steer the mission.
“Elon celebrated its IPO last Friday at Starbase,” a source told Page Six, referring to SpaceX’s rocket launch facility in South Texas.
“He’s a low-key people guy who wants to feel at home with other engineers,” the source added, explaining that Musk wanted to be with the people who helped build the company’s success.
According to a post by X, the Tesla founder, 52, was photographed with brothers Kimball and Tosca Musk at the celebration.
That night, several SpaceX executives toasted their accomplishments at Zero Bond, a luxurious members-only club in NoHo. There was reportedly a lot of charm and entertainment there. Prior to that, they held a party at JP Morgan headquarters.
Meanwhile, employees of xAI, a subsidiary of the rocket company, gathered at the Chelsea Yacht Club for cocktails and dancing.
A SpaceX spokesperson did not immediately respond to Page Six’s request for comment.
Musk became the world’s first trillionaire last Friday after SpaceX’s historic public debut became the largest IPO in Wall Street history.
The company began trading on the Nasdaq that day and closed the day at $161.11, 19% above its IPO target price of $135, valuing the company at more than $2 trillion.
This incredible feat secured SpaceX’s position as the world’s sixth most valuable company.
“That’s what SpaceX is all about: taking the fiction out of science fiction and creating an exciting and inspiring future for everyone,” Musk said after ringing the ceremonial stock market bell at Starbase.
And he told the nation, “SpaceX wants to be able to take you to the moon, to Mars, and ultimately beyond.”
SpaceX stock continues to rise, rising nearly 20% in the first full day of trading on Monday.
The aerospace giant, founded by Musk in 2002, designs rockets, spacecraft and satellite internet systems, with the long-term goal of enabling humans to live on other planets.
Musk remains the world’s richest person, followed by Google co-founders Larry Page and Sergey Brin in second and third place, respectively. Amazon founder Jeff Bezos ranks fourth, with meta CEO Mark Zuckerberg rounding out the top five.
