Engineers, launch operators and even hourly blue-collar workers who once sat for days in windowless offices in South Texas, betting their careers on Elon Musk's vision, are among these millionaires.

"Only time will tell whether we, the human race, have arrived in the fairy tale world we grew up in as children, or are in a mega bubble," Kotak said, while commenting on the SpaceX IPO.

Zerodha CEO Nithin kamath compared the situation with Indian markets and hailed SEBI's regulatory framework for stock brokers.

Despite all the enthusiasm for the listing, many investors remain skeptical that a company that has yet to turn a profit deserves such a hefty valuation.

Elon Musk’s net worth is 5 million times as large as that of the typical family and dwarfs even that of the “everyday wealthy”, signalling a new era of ultra-affluence and widening inequality.

Elon Musk’s net worth is 5 million times as large as that of the typical family and dwarfs even that of the “everyday wealthy”, signalling a new era of ultra-affluence and widening inequality.