Elon Musk Becomes First Trillionaire as SpaceX IPO Drives Net Worth to $1.2 Trillion
By
Ty Roush
Lightly toasted, lightly seasoned, mostly correct.
Summary
Elon Musk's net worth hit a record $1.2 trillion, making him the world's first trillionaire, after SpaceX shares surged nearly 12% following the company's historic IPO. The $92.5 billion single-day increase in his fortune was driven by strong market performance of SpaceX shares, with Tesla shares also seeing a slight rise of 0.6%.
Key quotes
· 3 pulledElon Musk’s fortune increased by more than $90 billion Monday, reaching a record high $1.2 trillion and extending his lead as the world’s richest person
Shares of SpaceX surged nearly 12% as of Monday afternoon to just under $180, extending Friday’s opening rally of 19%
A further boost in SpaceX shares added $92.5 billion to Musk’s net worth
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