Elon Musk Becomes World’s First Trillionaire After SpaceX IPO

Elon Musk has reportedly become the world’s first trillionaire after SpaceX’s initial public offering. According to reports, Musk’s total net worth reached around $1.1 trillion after SpaceX shares began trading on the Nasdaq. His wealth was previously estimated at around $982 billion. SpaceX shares traded above $150 per share after listing, leading to a major jump in the company’s market value and Musk’s personal fortune.

SpaceX reportedly raised around $75 billion through the IPO, making it one of the largest public offerings in history. The company had priced its IPO at $135 per share, while its stock moved above $150 after listing. This pushed SpaceX’s market value close to the $2 trillion mark. The sharp rise in SpaceX’s valuation has placed Musk far ahead of other global billionaires and marked a historic moment in global business and financial markets.