Elon Musk becomes world's first trillionaire as SpaceX shares soar on stock market debut
SpaceX shares climbed in early trading, lifting Musk’s paper wealth above $1 trillion as his Tesla stake and other holdings added to the total.
- Elon Musk is now the world’s first trillionaire after SpaceX’s public market debut on Friday, according to Bloomberg News.
- Musk owned roughly $860 billion worth of SpaceX stock priced at $135 per share just ahead of the IPO.
- His combined wealth, including his stake in Tesla, exceeds $1 trillion due to SpaceX’s stock performance.
- SpaceX’s stock continued to climb on Friday, further increasing Musk’s wealth.
133 Articles
133 Articles
SpaceX goes public. It sounds tempting when the world's richest man gives the rest of the world a piece of the pie. But it's an infinitesimally small piece of the pie. He keeps the remaining 85 percent.
SpaceX's IPO exceeded expectations. Elon Musk's aerospace and technology company raised $75 billion during its debut, instantly becoming one of the most valuable companies in the world. In addition to the enormous pot of gold raised, another milestone was reached: Musk became the world's first trillionaire ever.
Elon Musk Becomes World's First Trillionaire Thanks to SpaceX IPO. Elon Musk has become the world's first trillionaire. This is because SpaceX, which accounts for approximately 70% of Musk's net worth, successfully completed its first day of trading following its listing. According to Bloomberg on the 12th (local time),
Ars Technica
technewstube.comSpaceX is now a public company valued for its AI potential, so what comes next?
As of today, SpaceX is owned by investors who will want to see it make money.
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