SpaceX stock jumps after record IPO, making Musk the first trillionaire

SpaceX jumped over 20 per cent in its Nasdaq debut on Friday, making the company worth more than $2 trillion US, and leading Forbes to estimate CEO Elon Musk's net worth at $1.1 trillion US. It's expected to be included in the Nasdaq 100 within weeks, making it a major holding for passive funds and ETFs that track the index.