Elon Musk becomes first trillionaire after SpaceX IPO

OFFICIAL. ELON MUSK IS NOW THE WORLD'S FIRST TRILLIONAIRE. AFTER WHAT MIGHT BE THE MOST AMBITIOUS LAUNCH YET FOR HIS COMPANY, SPACEX. SPACEX WENT PUBLIC TODAY, AND ANYONE CAN INVEST IN THE COMPANY. TRADING OPENED AT $150 A SHARE, VALUING VALUING THE COMPANY AT MORE THAN $2 BILLION. IT'S THE LARGEST INITIAL PUBLIC OFFERING OR IPO OF ALL TIME. MUSK RANG THE NASDAQ OPENING BELL TODAY FROM THE COMPANY'S HEADQUARTERS IN STARBASE, TEXAS LET ME TELL YOU, IF PEOPLE HAD TOLD ME THIS WAS GOING TO HAPPEN, I WAS LIKE, MAN, YOU MUST BE SMOKING SOME REALLY GOOD CRACK BECAUSE I THINK THIS COMPANY'S GONNA FAIL. JOINING US NOW, NBC NEWS BUSINESS AND DATA CORRESPONDENT BRIAN CHEUNG. BRIAN, SO MANY PEOPLE ARE PAYING ATTENTION TO THIS. SOME FOLKS HAVE SAID THEY'VE EVEN SAVED UP TO TRY TO INVEST TODAY IN THE STOCK. IT'S POTENTIALLY RISKY, THOUGH, RIGHT? WHAT? WHY IS TODAY LIKE SUCH A BIG DEAL? YEAH. AND AGAIN, WE HAVE TO JUST STEP BACK AND ACKNOWLEDGE HOW BIG THIS IS. THIS IS GOING TO CHANGE THE SHAPE OF THE MARKET BECAUSE THIS IS THE BIGGEST INITIAL PUBLIC OFFERING OF ALL TIME. AGAIN, WHAT THAT MEANS IS REGULAR MOM AND POPS CAN NOW INVEST IN THIS COMPANY. AND THAT'S A BIG DEAL WHEN YOU CONSIDER, LET'S SAY YOU'RE AN INVESTOR THAT SAYS, I DON'T LIKE ALL THE INVESTABLE OPPORTUNITIES HERE ON EARTH. WELL, THEN WHY NOT INVEST IN SPACE? THAT'S WHERE SPACEX WANTS TO GO. THEY WANT TO THEY WANT TO GO TO THE MOON. THEY WANT TO GO TO MARS AT SOME POINT. BUT AGAIN, THIS THERE IS A LOT OF RISK ASSOCIATED WITH THIS BECAUSE THIS IS A COMPANY THAT'S NOT PROFITABLE. THE ONLY PROFITABLE PART OF THEIR BUSINESS IS STARLINK SATELLITES UP INTO SPACE. AND I SHOULD ALSO POINT OUT THAT THERE'S ALSO TALK THAT AT SOME POINT, INVESTING IN SPACE WOULD BE INVESTING IN TESLA AND OTHER ELON MUSK COMPANIES BECAUSE HE'S BEEN IN THIS PROCESS OF CONSOLIDATING ALL OF HIS COMPANIES. ANALYSTS SAY MERGING WITH TESLA COULD BE A MOVE THAT COULD COME AS SOON AS NEXT YEAR. AND TO STATE THE OBVIOUS, IF YOU BUY AT THIS LEVEL, THERE'S NO GUARANTEE IT'S. GONE UP. ALL STOCKS COULD GO TO ZERO.