SpaceX IPO Rewrites History, Crowns First Trillionaire

Elon Musk’s empire reached a cosmic milestone today as SpaceX finalized its record-breaking initial public offering. The rocket and satellite giant priced its shares at $135, raising a staggering $75 billion in the largest IPO on record CNBC. Investor appetite for the venture was described as "sky-high," with retail demand alone reportedly exceeding $100 billion Forbes. The listing gives SpaceX an implied market capitalization of $1.8 trillion, placing it among the most valuable entities on the planet Investor's Business Daily.

This capital infusion has officially propelled Elon Musk into uncharted financial territory. With an 80% stake in SpaceX valued at roughly $866 billion, combined with his holdings in Tesla and other ventures, Musk’s net worth has surpassed $1.1 trillion Star-Advertiser. For context, the second-wealthiest individual, Larry Page, currently hovers around the $300 billion mark Star-Advertiser. While the valuation is historic, some analysts remain cautious; Morningstar recently suggested a fair value closer to $63 per share, labeling the current market pricing as "extremely speculative" Forbes.

Tesla Gains Ground in Europe as FSD Approval Expands

While the market’s eyes were on the SpaceX ticker, Tesla quietly notched a significant regulatory win in Europe. Belgium has officially granted approval for Tesla’s Full Self-Driving (FSD) suite, making it the fifth EU nation to do so Automotive World. This steady march through European bureaucracies is critical for Tesla's transition from an automaker to a high-margin software and robotics firm. The approval allows Tesla to begin more advanced testing and deployment of its autonomous features in the region, providing a counter-narrative to the current stock price volatility.

Simultaneously, Musk is doubling down on the hardware required to power these autonomous ambitions. He recently addressed employees at ASML to push his "Terafab" chip manufacturing project, seeking to secure the Dutch firm as a key supplier for Tesla’s future AI and vehicle hardware Quartz. Musk referred to ASML as "arguably the greatest company in Europe," signaling that Tesla's vertical integration strategy now extends deep into the semiconductor lithography space Quartz.

Market Watch: TSLA Slips Amid IPO Fever

TSLA shares faced selling pressure during Friday's session, trading at $389.59, a decline of 2.40% from the previous close Yahoo Finance. The dip appears to be a "sell the news" reaction or a capital rotation as investors shifted focus toward the SpaceX debut. Despite the daily slide, Tesla remains the global leader in EV sales, with the Model Y moving 71,510 units in April alone, nearly double its closest competitor, the Geely EX2 CleanTechnica.