Elon Musk Reportedly Becomes World's First Trillionaire After SpaceX IPO
Elon Musk has reportedly achieved the status of the world's first trillionaire, a milestone reached after the initial public offering (IPO) of SpaceX. The rocket and AI company, founded by Musk, began trading in New York on Friday, with shares opening at US$150 each, 11 percent above their offering price. This development values SpaceX at approximately US$2 trillion, contributing to Musk's unprecedented fortune.
Elon Musk has reportedly become the world's first trillionaire, a new title for the individual previously recognized as the world's richest person.
This significant financial milestone follows the initial public offering (IPO) of SpaceX, the rocket and artificial intelligence company founded by Musk. Shares of SpaceX began trading in New York on Friday, opening at US$150 each. This price was 11 percent above their initial offering price.
The IPO has led to SpaceX being valued at approximately US$2 trillion.
Musk recently shared a personal reflection on a social media platform he owns, lamenting, “Whoever said ‘money can’t buy happiness’ really knew what they were talking about.”
According to South China Morning Post, this development marks a historic moment in personal wealth.
