economy
Elon Musk becomes world's first trillionaire as SpaceX begins trading on the Nasdaq
Elon Musk's stake in SpaceX is worth more than $766 billion. Combined with his Tesla holdings, Musk's net worth as of Friday is roughly $1.05 trillion.
TL;DR
- Elon Musk is the world's first trillionaire.
- SpaceX's IPO on the Nasdaq contributed over $180 billion to Musk's fortune.
- Musk's net worth from SpaceX is over $766 billion, and his Tesla stake is worth $280 billion, totaling roughly $1.05 trillion.
- His net worth exceeds the combined wealth of the next five richest billionaires.
- The SpaceX IPO also created thousands of new millionaires and several new billionaires among employees and executives.
- SpaceX shares gained 20% on Friday, valuing the company at over $2 trillion.
- Musk's fortune has grown tenfold in the last six years.
- Other prominent billionaires mentioned include Larry Page, Sergey Brin, Jeff Bezos, Larry Ellison, and Bill Gates.