Elon Musk Becomes First Trillionaire as SpaceX Begins Nasdaq Trading

Elon Musk became the world's first trillionaire on Friday as SpaceX began trading on the Nasdaq. With SpaceX opening at $150 per share, Musk's stake in the company is worth more than $766 billion, and combined with his Tesla stake worth $280 billion, his net worth from both companies reached approximately $1.05 trillion. The milestone is likely to intensify debate over wealth inequality and the concentration of power among America's richest tech founders.

SpaceX Opens on Nasdaq at $150 Per Share

SpaceX opened on the Nasdaq on Friday at $150 per share. The public listing valued Musk's stake in the aerospace company at more than $766 billion.

Musk's Combined Holdings Reach $1.05 Trillion

Musk's net worth from both companies as of Friday is roughly $1.05 trillion. His Tesla stake is worth $280 billion, while his SpaceX holdings account for more than $766 billion. This makes Musk the first person in history to be worth $1 trillion.

SpaceX IPO Creates Thousands of Employee Millionaires

The SpaceX IPO minted thousands of new millionaires and several new billionaires among the employees and executives who own stock in the company.

FAQ

What did Elon Musk achieve on Friday?

Elon Musk became the world's first trillionaire on Friday as SpaceX began trading on the Nasdaq at $150 per share, bringing his combined net worth from SpaceX and Tesla to approximately $1.05 trillion.

How much is Musk's stake in SpaceX worth?

Musk's stake in SpaceX is worth more than $766 billion following the company's Nasdaq opening at $150 per share on Friday.

How did the SpaceX IPO affect employees?

The SpaceX IPO created thousands of new millionaires and several new billionaires among the employees and executives who own stock in the company.