Musk Becomes First $1 Trillion Fortune Holder as SpaceX Debuts at $150 on Nasdaq
Updated
Updated · Forbes · Jun 14
Musk Becomes First $1 Trillion Fortune Holder as SpaceX Debuts at $150 on Nasdaq
3 articles · Updated · Forbes · Jun 14
Summary
Forbes put Elon Musk’s net worth at $1.1 trillion on Friday after SpaceX began Nasdaq trading at $150 a share, making him the first person it classifies as a trillionaire.
SpaceX’s market debut valued the company at nearly $2 trillion, after its IPO priced at $135 on Thursday and had already lifted Musk’s fortune by $188 billion to $982 billion.
Musk’s wealth is now anchored by a 38% SpaceX stake—4.8 billion shares worth about $715 billion—plus 350 million stock options valued near $50 billion.
The milestone caps a rapid rise from Musk’s 2012 Forbes billionaire debut at $2 billion to the world’s richest person in 2021, with SpaceX now eclipsing Tesla as the main driver.
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What risks do retirement funds face when forced to buy shares in a massively valued, unprofitable company?
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SpaceX’s Record-Breaking IPO: Elon Musk’s Control, AI Expansion, and Market Disruption
Overview
SpaceX's Initial Public Offering (IPO) marks a historic moment, offering investors their first in-depth look at Elon Musk’s ambitious rocket and AI company. This IPO is not only a major event for SpaceX but also sets the stage for other tech giants like OpenAI and Anthropic, which are expected to go public soon. The collective impact of these offerings signals a significant shift in the financial landscape, potentially unleashing new wealth and shaping the future of Silicon Valley. As a bellwether for the tech sector, SpaceX’s IPO highlights the growing influence of AI-driven companies in the market.