SpaceX IPO Breaks Records, Musk Becomes Trillionaire

SpaceX's historic $75 billion IPO debuted on June 12 with shares surging to $161. Elon Musk became the world's first trillionaire as xAI joined aerospace in public markets. The Nasdaq-100 inclusion forces index funds and retirement accounts like 401(k)s to automatically hold stock, sparking debate over forced exposure for everyday investors.