Elon Musk Becomes the World’s First Trillionaire After SpaceX IPO
Original: Elon Musk is the world’s first trillionaire
The Verge reports Elon Musk’s net worth passed $1 trillion after SpaceX’s IPO lifted the value of his holdings.
The Verge reports that Elon Musk has become the world’s first trillionaire following SpaceX’s IPO. The article says Musk’s net worth had been near $800 billion before the listing and rose after his 4.8 billion SpaceX shares were valued by the public market. SpaceX shares reportedly opened at $150 under the ticker SPCX and stayed well above that level.
The Verge reports that Elon Musk’s net worth has crossed the trillion-dollar mark, making him the world’s first trillionaire, after SpaceX completed an initial public offering. According to the article excerpt, Musk’s wealth had been hovering around $800 billion before the IPO, and the public listing of SpaceX materially increased the market value of his holdings. The report attributes the milestone primarily to Musk’s 4.8 billion shares in SpaceX, while also noting that his broader fortune includes wealth tied to his other companies, including Tesla.
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