Elon Musk becomes world's first trillionaire after SpaceX IPO
By
Stevie Bonifield
Right out the toaster. Reliable, with some real depth.
Summary
Elon Musk has become the world's first trillionaire after SpaceX's IPO (ticker: SPCX) pushed his net worth past the trillion-dollar mark. His net worth, previously around $800 billion, includes his 4.8 billion SpaceX shares and wealth from other companies like Tesla. SpaceX shares opened at $150 and remain above the $138 benchmark needed for Musk to achieve a 13-figure net worth. SpaceX had previously combined Musk's rocket, AI, and social media platforms earlier this year.
Key quotes
· 4 pulledElon Musk's net worth has passed the trillion-dollar mark after SpaceX's IPO.
His net worth, which was hovering around $800 billion before the IPO, includes the value of his 4.8 billion shares in SpaceX, along with his wealth from his other companies, like Tesla.
Shares of SPCX opened at $150 and have remained well above the $138 benchmark that gives Musk a 13-figure net worth.
SpaceX combined Musk's rocket, AI, and social media platforms earlier this year, and said in its S-1 that its goal is to 'build the systems and technologies'
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