SpaceX had its long-anticipated NASDAQ debut on Friday. The stock closed at a price of about $161 per share.
A number of ordinary blue-collar workers became instant millionaires due to having worked for the company and been paid partially in stock options. That makes me happy.
Elon Musk became the world's first trillionaire. Appropriate that he's the first, I think, since he's basically Henry Ford, Howard Hughes, and Cornelius Vanderbilt all rolled into one.
I didn't buy any shares of the stock myself. I prefer to wait and see. I might wait until the first earnings report (expected in September, I think). I also don't own any Tesla stock. I don't like high valuations.
I'll be fun to watch, though. I expect the trading action to be exciting for a while. Great for those who have the stomach for it.
