Reading view

Elon Musk Becomes World’s First Trillionaire as SpaceX Stock Begins Trading

With SpaceX shares soaring 20 percent on their first day of trading, the world’s richest person crossed another milestone — one with 13 digits.

© Adrees Latif/Reuters

Elon Musk, the chief executive of SpaceX, in 2022 at the company’s facility in Brownsville, Texas.
  •  

SpaceX IPO: How Our Reporters Assess the Sky-High Valuation and Potential Economic Impact

Two Times tech reporters and their editor talk about assessing the sky-high valuation of the rocket and satellite maker, the potential economic impact of its public debut and the role of the world’s richest man in it all.

© Eric Gay/Associated Press

Elon Musk’s rocket maker SpaceX set a price of $135 a share, which would value it at $1.77 trillion.
  •  

How Tesla’s Stock Listing in 2010 Enabled SpaceX’s I.P.O.

Investors who bought the automaker’s shares in its initial public offering became rich. As a result, many have a deep faith in Elon Musk, the chief executive of Tesla and SpaceX.

© Brendan McDermid/Reuters

During Tesla’s initial public offering in 2010, Elon Musk, the company’s chief executive, said, “The smartest money in the world is betting on Tesla.”
  •  

Why It’s Nearly Impossible to Build a Robot Without China

Building on the country’s electric vehicle industry, Chinese companies are making robot parts at a scale and price point others can’t match.

© Qilai Shen for The New York Times

  •  
❌