SpaceX goes public making Elon Musk a trillionaire despite warnings of risky corporate control

SpaceX officially listed on the Nasdaq this morning in a record-breaking IPO that valued the rocket company at an unprecedented $2 trillion.

The massive debut cemented Elon Musk’s status as the world’s first trillionaire, even as Senator Elizabeth Warren and major global pension funds urged regulators to halt the listing. Critics are sounding the alarm over a "dual-class" share structure that grants Musk approximately 85% of voting power while he owns less than half the company. While supporters argue Musk's singular vision is the company's greatest asset, institutional investors warn that retail buyers and index funds now face high "governance risk" without any real say in decisions.

Markets are now watching to see if the SEC will launch a retroactive investigation into valuation claims or if more sustainability-focused funds will blacklist the stock.