Elon Musk Becomes World's First Trillionaire After SpaceX IPO
By
Paresh Dave
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Summary
Elon Musk has become the world's first trillionaire after SpaceX's successful IPO on the Nasdaq, with the company's valuation surging to approximately $2.2 trillion. SpaceX's stock opened at $150 and continued climbing, pushing Musk's personal fortune past $1 trillion. The article highlights this milestone as an unprecedented frontier of wealth, with SpaceX's market debut valuing the company at nearly $1.8 trillion, up from its previous private valuation of $1.25 trillion.
Key quotes
· 4 pulledElon Musk became the first person to amass a personal fortune of over $1,000,000,000,000—that's 12 zeros—after shares of his rocket company SpaceX debuted on the Nasdaq stock exchange on Friday.
SpaceX's initial public offering on Thursday valued the company at nearly $1.8 trillion, up from its most recent private valuation of around $1.25 trillion.
After shares opened at $150 on Friday morning in New York and kept surging, SpaceX's market capitalization reached about $2.2 trillion.
SpaceX's stock market debut has thrust the richest man in the universe into an unexplored frontier of wealth.
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