Elon Musk Becomes World's First Trillionaire
Following a surge in SpaceX stock after its initial public offering, Elon Musk's net worth has exceeded one trillion US dollars.
Elon Musk has become the first person in the world with a fortune exceeding one trillion US dollars. This milestone was reached after his space exploration company SpaceX made its stock market debut.
According to data from Bloomberg and CNBC, Musk's wealth rose to over one trillion dollars after SpaceX shares jumped more than 21% in early trading. The stock price climbed to $165 per share by Friday midday, up from the initial price of $135 per share.
This surge pushed SpaceX's market valuation above two trillion dollars, making it the sixth-largest publicly traded company in the US. SpaceX now trails only tech giants such as Nvidia, Alphabet, Apple, Microsoft, and Amazon.
SpaceX's initial public offering (IPO) on Friday became the largest in history, surpassing previous records.
