SpaceX has set its share price at $135 and with it opened the largest initial public offering (IPO) in history. Elon Musk's company raised around $75 billion (close to 69 billion euros) from 555.6 million shares - a figure that topples the previous record of Saudi Arabia's Aramco from 2019, which raised 24.9 billion at the time.

The interest was so great that demand outstripped the offer fourfold. An option remains open for another 83.3 million shares, which would bring an additional $11 billion. Crypto markets that bet on events like this are predicting a 20 percent jump on the very first day, which would push the price towards $167. On Nasdaq, the share will trade under the ticker SPCX.

The biggest winner is, of course, the man at the top. Musk holds 850 million class A shares (with one vote each) and 5.6 billion class B (with ten votes each) - an arrangement that gives him control no investor can shake, and one that carries him towards the title of the world's first trillionaire. Not the first to earn money; the first to own this much.

Behind him stands a queue that waited a long time for the payout. Antonio Gracias with a position of 68 billion, Luke Nosek with 33 million shares, COO Gwynne Shotwell with 12.6 million - plus around 400 venture capital funds that financed SpaceX while it was a private company. When a firm waits this long before going public, the listing isn't a beginning, but a payday.

Behind all the euphoria sits a simple truth: SpaceX isn't selling rockets on the stock market, it's selling Starlink and the future of satellite internet. The numbers today are written by those who got in long ago. The question for the small investor entering now, at the peak of the euphoria, is whether they're buying a stake in the future - or just paying for a story others have already monetised.