Elon Musk gestures in the gallery on the day of President Donald Trump’s speech to a joint session of Congress, in the House Chamber of the U.S. Capitol in Washington, March 4, 2025.
Kevin Lamarque | Reuters
Elon Musk just became the world’s first trillionaire.
With SpaceX opening on the Nasdaq at $150 a share Friday, his stake in the company is worth more than $766 billion. Combined with his Tesla stake, which is worth $280 billion, Musk’s net worth from both companies as of Friday is roughly $1.05 trillion.
The SpaceX IPO added more than $180 billion to Musk’s fortune. He’s now worth more than the next five richest billionaires in the world combined. His personal net worth is larger than the national GDPs of Taiwan, Ireland or Sweden.
Musk’s coronation as the first person in history to be worth $1 trillion is likely to add fuel to the debate over wealth inequality and the rise in power of America’s richest tech founders. Along with creating the world’s first trillionaire, the SpaceX IPO also minted thousands of new millionaires and several new billionaires among the employees and executives who own stock.
Get Inside Wealth directly to your inbox
Shares of SpaceX were trading about 20% higher shortly after their official debut, at around $164 apiece. That values the company at roughly $2 trillion.
Shares of Tesla were down about 2% midday Friday at roughly $390 apiece.
Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.Elon Musk becomes world’s first trillionaire as SpaceX begins trading on the Nasdaq NYT News Today.
Hence then, the article about elon musk becomes world s first trillionaire as spacex begins trading on the nasdaq was published today ( ) and is available on NY Times News ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Elon Musk becomes world’s first trillionaire as SpaceX begins trading on the Nasdaq )
Also on site :
- Texas woman injured by McDonald’s Sausage McMuffin ‘wholly unfit for human consumption’: suit
- ‘House of Guinness’ Renewed for Season 2 by Netflix (EXCLUSIVE)
- Saudi Arabia plans freight rail corridor