Keep pulling the thread on Morgan Stanley.
SpaceX stock opened at $150 per share after the IPO was priced at $135 per share.
Based on the SpaceX IPO price of $135 per share, Elon Musk's net worth was calculated to be $970 billion, according to the Bloomberg terminal's Rich Go function.
Following the post-IPO increase in SpaceX's stock price, Elon Musk's net worth on paper surpassed $1 trillion.
Anthropic and OpenAI have filed registration statements for an initial public offering.
The SpaceX IPO raised $75 billion, which was reported as a record deal size.
The lockup for the SpaceX IPO is structured to release shares over a one-year period, with 8 to 10 or more staggered releases of small portions of stock.
Retail investor demand for the SpaceX IPO exceeded $100 billion.
There is market speculation that Elon Musk may have SpaceX acquire or merge with Tesla.
A potential motivation for a SpaceX-Tesla merger is that it would allow Elon Musk to gain greater control over the combined entity, as SpaceX has a dual-class share structure while Tesla does not.
The SpaceX IPO was initially indicated to open at $175 per share before the indication steadily declined to $150.
Morgan Stanley served as the stabilization agent for the SpaceX IPO.
Approximately 60 million shares of SpaceX were traded in the IPO's opening print, out of a total deal size of 500 million shares.