The world's richest man has a new fancy title.
Elon Musk is now the world's first trillionaire after SpaceX's public debut.
SpaceX began trading at $150 per share — $9 above the roughly $141-per-share threshold that would make Musk a trillionaire.
SpaceX's stock recently surged 22% to around $165, solidifying Musk's status as a trillionaire.
At SpaceX's IPO price of $135 per share, Musk's stake in the company was worth $688 billion. That brought his total net worth to $971 billion going into Friday's trading, according to Bloomberg.
Shares in Musk's other companies — electric carmaker Tesla, brain-chip company Neuralink, and tunneling business The Boring Company — made up the bulk of the rest of his net worth.
Read more about his net worth and the IPO at the link in our bio.
Story by Madeline Berg
(Credit: AP)
#elonmusk #ipo #spacex #trillionaire
The world's richest man has a new fancy title.
Elon Musk is now the world's first trillionaire after SpaceX's public debut.
SpaceX began trading at $150 per share — $9 above the roughly $141-per-share threshold that would make Musk a trillionaire.
SpaceX's stock recently surged 22% to around $165, solidifying Musk's status as a trillionaire.
At SpaceX's IPO price of $135 per share, Musk's stake in the company was worth $688 billion. That brought his total net worth to $971 billion going into Friday's trading, according to Bloomberg.
Shares in Musk's other companies — electric carmaker Tesla, brain-chip company Neuralink, and tunneling business The Boring Company — made up the bulk of the rest of his net worth.
Read more about his net worth and the IPO at the link in our bio.
Story by Madeline Berg
(Credit: AP)
#elonmusk #ipo #spacex #trillionaire
