Elon Musk’s SpaceX began trading at $150 a share on Friday, above its listing price of $135 a share, making him the world’s first-ever trillionaire following the IPO.

The rocket and satellite company raised a record $75 billion, valuing the company at about $1.8 trillion, pushing the value of Musk’s stake in SpaceX to an estimated $690 billion. The company is trading on the Nasdaq under the ticker “SPCX” after pricing its IPO on Thursday.

Combined with his holdings in electric vehicle maker Tesla, as well as other investments and assets, Musk’s net worth is now estimated at about $1.1 trillion.

SpaceX stock jumped after it began trading, rising to $168.75 a share before paring some of those gains to trade around $158 a share. It subsequently rebounded and reached a new high of $176.52. (FoxNews)

SpaceX raised $75 billion in the blockbuster offering, valuing the company at $1.77 trillion.

SpaceX shares are set to trade Friday under the ticker SPCX.

The market has already opened, but the stock was not expected to start trading immediately.

Before the IPO, Musk was worth an estimated $813 billion, according to Forbes.

That was already more than twice the fortune of the world’s second-richest person, Google co-founder Larry Page, who Forbes estimated was worth $288 billion. (The Sun)