SpaceX Goes Public in Record-Breaking IPO; Musk Becomes World's First Trillionaire

[Anchor]

SpaceX made its debut on the New York stock market overnight with the largest initial public offering (IPO) in history, immediately becoming the world's sixth-largest company by market capitalization. Elon Musk has become the first person in history to surpass a personal net worth of $1 trillion.

Kim Beom-joo reports from New York.

[Reporter]

Elon Musk celebrates with his employees as SpaceX lists on the Nasdaq.

SpaceX, a company that develops both aerospace technology and artificial intelligence, raised 113 trillion won by offering 4.3% of its shares to the public.

On its first day of trading, the stock price jumped 19.3%, pushing the company's total valuation over $2 trillion and instantly securing its position as the sixth-largest company by market cap.

With the SpaceX IPO today (June 13), Elon Musk has become the first person in history to reach a personal net worth of $1 trillion, or approximately 1,500 trillion won.

[Elon Musk / CEO of SpaceX: SpaceX will take you to the moon, to Mars, and further beyond. Together with the incredible employees here, we will make it happen for you.]

SpaceX restricted capital from China and Hong Kong from participating in the public offering, though it remains unclear whether the U.S. government intervened in this process.

However, some critics are raising concerns about a potential bubble.

They argue that the company's current revenue is less than one-tenth that of Meta, the parent company of Facebook, which has a market value of $1.4 trillion. Critics suggest that the market has placed an excessively high value on future business plans, such as building data centers in space and factories on the moon.

Research firm Morningstar has even analyzed that the stock price is inflated to three times its actual value.

[Nicholas Owens / Analyst at Morningstar: I would advise against participating in the public offering. It means the current stock price is only justified if every single hope and expectation comes to fruition.]

Given the mix of high expectations and intense criticism surrounding Elon Musk, SpaceX's stock price is expected to remain a subject of significant interest and debate for some time.

Reported by Kim Beom-joo | Video by Lee Hee-hoon | Video Editing by Kim Jong-mi
※ Please note: This article was translated by AI and may contain errors.