SpaceX Is Already No. 6 in Company Rankings

For the moment anyway, the value of SpaceX just keeps going up. Hours after shares of Elon Musk's rocket company began trading at $150 in the largest IPO in history, they eclipsed $170, reports CNBC. The initial price made SpaceX the sixth-most valuable company in the world, with a valuation of $2.12 trillion, reports the Wall Street Journal. Now SpaceX is zeroing in on the company in fifth place—Amazon, valued at 2.54 trillion. If SpaceX stock gets to roughly $180 per share, Musk overtakes Jeff Bezos for top-five bragging rights. After that comes Microsoft ($2.88 trillion), Apple ($4.29 trillion), Alphabet ($4.40 trillion), and Nvidia ($4.96 trillion). For the record, Tesla is No. 8 at $1.22 trillion.

Having two companies in the top 10 already has catapulted Musk into becoming the first trillionaire in the world. In fact, Forbes pegged his worth at $1.1 trillion as of Friday afternoon. For the day, that figure has increased by about $190 billion. His total dwarfs the $304 billion of the world's second-richest person, Larry Page. The numbers are hard to fathom, and AP offers a primer—$1 trillion is a 1,000 times greater than $1 billion, and 1 million times greater than $1 million. The amount is bigger than the GDP of all but 20 or so countries, and it's more than double that of Musk's homeland, South Africa.