Elon Musk becomes world's first trillionaire after SpaceX IPO drives fortune to $1.1 trillion
By
Bloomberg News
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Summary
Elon Musk has become the world's first trillionaire after SpaceX shares surged 19% on their first day of trading, pushing the company's valuation to $2.2 trillion. His personal fortune now stands at $1.1 trillion according to the Bloomberg Billionaires Index, more than three times that of the next richest person. Musk himself has previously remarked that money cannot buy happiness.
Key quotes
· 3 pulledWhoever said 'money can't buy happiness' really knew what they were talking about.
Shares of SpaceX rose 19% Friday to $160.95 each in their first day of trading, vaulting the value of the rocket and AI company Musk founded to $2.2 trillion.
His fortune now stands at the once-unimaginable figure of $1.1 trillion, according to the Bloomberg Billionaires Index.
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