Elon Musk becomes world's first trillionaire after SpaceX public market debut
By
Sean O'Kane
Front-window bakery material. Catches the eye, delivers the goods.
Summary
Elon Musk has become the world's first trillionaire on paper following SpaceX's public market debut. His SpaceX holdings, valued at roughly $860 billion after the IPO pricing at $135 per share, combined with his Tesla stake and the stock's initial surge, pushed his net worth above $1 trillion. The article notes this milestone occurs at a time when Musk is simultaneously more powerful and more controversial than ever.
Key quotes
· 3 pulledElon Musk is now the world's first trillionaire after SpaceX's public markets debut on Friday, according to Bloomberg News.
The SpaceX founder and CEO owned roughly $860 billion worth of the rocket company's stock after it was priced at $135 per share just ahead of the IPO.
Combined with his stake in Tesla, and the immediate pop of SpaceX's stock on Friday after it began trading, that's enough to give the tech magnate — already the richest person in the world — an on-paper wealth of more than $1,000,000,000,000.
You might also wanna read
Elon Musk Set to Become World's First Trillionaire After SpaceX IPO Surpasses Expectations
Elon Musk is on track to become the world's first trillionaire following SpaceX's IPO on Wall Street, which opened with a higher-than-antici
Rolling Stone·9h ago
SpaceX IPO Makes Elon Musk World's First Trillionaire as Stock Opens at $150
SpaceX's highly anticipated IPO launched at $135/share, giving it a ~$1.77 trillion valuation and making Elon Musk the world's first trillio
Variety·11h ago
SpaceX goes public in massive IPO, potentially making Elon Musk the first trillionaire
The article reports on SpaceX's IPO, which allows the public to buy shares of the combined rocket, AI, and social media company for the firs
The Verge·13h ago
Jimmy Kimmel Criticizes Elon Musk's Potential Trillionaire Status Ahead of SpaceX IPO
Jimmy Kimmel criticized reports that Elon Musk is on track to become the world's first trillionaire when SpaceX goes public. In his late-nig
Rolling Stone·20h ago
SpaceX IPO filing reveals $4.9 billion loss despite $18.67 billion revenue
SpaceX's IPO prospectus reveals the company is not as financially dominant as expected, reporting a $4.9 billion net loss on $18.67 billion
axios.com·21d agoSpaceX Sets Record for Largest IPO in History at $1.77 Billion Valuation
SpaceX, Elon Musk's aerospace and technology conglomerate, has set a record for the largest IPO in history with an initial valuation of appr
Variety·1d ago