Elon Musk becomes first trillionaire as SpaceX debuts on Nasdaq at $2.2tn valuation
By
Archie Mitchell
A baker's-dozen of insight crammed into one ring.
Summary
Elon Musk became the world's first trillionaire after SpaceX's stock market debut on the Nasdaq, valuing the company at $2.2tn. Musk's net worth reached $1.11tn according to the Bloomberg rich list, cementing his status as the richest person in the world. The milestone was driven by SpaceX's listing, which was described as the biggest-ever stock market debut.
Key quotes
· 3 pulledElon Musk on Friday became the world's first trillionaire after shares in his SpaceX rocket company soared during the biggest-ever stock market debut.
The Tesla and SpaceX founder comfortably cemented his status as the world's richest man, with his total net worth standing at $1.11tn (£828bn) according to the Bloomberg rich list.
It came as the rocket, telecommunications and artificial intelligence (AI) company listed on the Nasdaq stock exchange with a value of $2.2tn.
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