Elon Musk is on the verge of becoming a trillionaire thanks to the record-breaking IPO price, which also minted a new billionaire and boosted the fortunes of many others.

Elon Musk’s companies, from SpaceX to Tesla, are overly reliant on the world’s richest man. He gets investors excited, makes Wall Street listen and can strike partnership agreements with major companies like Intel.

SpaceX, the satellite and AI company that together with electric-car maker Tesla form the center of Musk's empire, raised a record $75 billion in its initial ‌public offering on Thursday

SpaceX has locked in its IPO at $135 per share, raising $75 billion from the sale of 555.56 million shares and valuing the company at $1.77 trillion.

The market is already treating tomorrow’s SpaceX IPO as one of the most important public offerings in decades. Investors are focused on valuation, demand, and whether the company can justify the excitement surrounding a business that spans launch services,