Elon Musk becomes world's first trillionaire after SpaceX IPO success
By
Caleb Ecarma
Summary
Elon Musk became the world's first trillionaire after SpaceX's highly successful IPO, selling all 555,555,555 shares at $135 each. Musk's roughly 50% ownership stake in SpaceX is valued at $867 billion, though many shares are contingent on achieving ambitious goals like establishing a Mars colony. The article covers this milestone in wealth accumulation tied to SpaceX's public market debut.
Source
bskyElon Musk becomes world's first trillionaire after SpaceX IPO successoligarchwatch.substack.comKey quotes
· 3 pulledElon Musk became the world's first trillionaire on Thursday after SpaceX, his rocket, satellite internet, and artificial intelligence company, announced that it had sold all 555,555,555 shares available in its initial public offering at $135 per share.
Musk's ownership of roughly half of SpaceX's stock is valued at $867 billion.
Many of those shares, however, could only be sold by Musk if he achieves several fantastical goals, including establishing a one-million-person colony on Mars.
You might also wanna read
Elon Musk becomes world's first trillionaire after SpaceX IPO
Elon Musk has become the world's first trillionaire after SpaceX's IPO (ticker: SPCX) pushed his net worth past the trillion-dollar mark. Hi
The Verge·25d ago
Elon Musk Becomes First Trillionaire After SpaceX's Record-Breaking IPO
Elon Musk became the world's first trillionaire after SpaceX went public in the largest IPO ever, priced at $135 per share. The stock opened
Deadline·25d ago
Elon Musk becomes world's first trillionaire after SpaceX's record $1.77 trillion IPO
Elon Musk has become the world's first trillionaire following SpaceX's record-breaking IPO, which valued the company at $1.77 trillion — the
Rolling Stone·25d ago
SpaceX IPO Makes Elon Musk World's First Trillionaire as Stock Opens at $150
SpaceX's highly anticipated IPO launched at $135/share, giving it a ~$1.77 trillion valuation and making Elon Musk the world's first trillio
Variety·25d agoSpaceX IPO Makes Elon Musk World's First Trillionaire as Stock Opens at $150
SpaceX's highly anticipated IPO launched at $135/share, giving it a ~$1.77 trillion valuation and making Elon Musk the world's first trillio
variety.com·25d ago
Elon Musk Set to Become World's First Trillionaire After SpaceX IPO Surpasses Expectations
Elon Musk is on track to become the world's first trillionaire following SpaceX's IPO on Wall Street, which opened with a higher-than-antici
Rolling Stone·25d ago
Comments
Sign in to join the conversation.
No comments yet. Be the first.