SpaceX (SPACEX) IPO Propels Elon Musk to World’s First Trillionaire

Elon Musk became the world’s first trillionaire after SpaceX (SPACEX) began trading at $150 per share. His stake in SpaceX was valued at over $766 billion, while his Tesla (TSLA) stake was worth approximately $280 billion, totaling nearly $1.05 trillion. The SpaceX IPO reportedly increased Musk's fortune by more than $180 billion, with shares trading up 26% to around $170 later that day, valuing the company over $2 trillion. This rapid accumulation of wealth highlights significant discussions around wealth inequality in the tech sector.