Elon Musk becomes world's first trillionaire after SpaceX IPO
By
Aimee Picchi
Toasted golden, schmeared with insight. Top of the rack.
Summary
Elon Musk has become the world's first trillionaire, at least on paper, following SpaceX's successful IPO priced at $135 per share. Before the IPO, Musk's net worth was estimated at $813 billion — more than double the second-richest person. His fortune now rivals the annual economic output of many countries, according to World Bank data.
Key quotes
· 3 pulledElon Musk has become the first person to cross the trillionaire threshold, at least on paper, after SpaceX priced its blockbuster initial public offering at $135 a share and its stock soared in its stock market debut.
Before the IPO, Musk was worth an estimated $813 billion, a fortune more than twice as large as the planet's second-richest person.
The SpaceX CEO's fortune on paper now rivals the annual economic output of many countries, according to World Bank data.
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