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.
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Elon Musk's space company SpaceX started trading with a plus on their record exchange. The first price was determined at $150 - after an issue price of $135. Musk can now call himself the world's first billionaire.
==History==The founder and CEO of SpaceX, Ilon Mask, officially reached the status of the first-ever state owner of over one trillion dollars, reporting to Bloomberg on 12 June.
Elon Musk has become the first human being in history to accumulate a fortune of $1 trillion, a milestone that signals a new global era of ultra-richness turbinated by technological gains and in the financial market in a world where income inequality grows between people and countries. Exclusive material for subscribers. To have full access, access the link of the subject and register.
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