SpaceX Market Debut Makes Elon Musk the World’s First Trillionaire
SpaceX began trading on Friday after a record-breaking US$75 billion IPO, with its shares surging nearly 20% to value the company at about US$2.1 trillion. The listing pushed Elon Musk’s net worth above US$1 trillion when combined with his Tesla holdings, making him the world’s first trillionaire. The debut is also seen as a boost for the AI sector and could encourage companies like Anthropic and OpenAI to pursue public listings.
SpaceX Shares Soar
REPORTER:
Elon Musk has become the world's first trillionaire thanks to SpaceX's public debut.
The rocket-launch and AI technology firm began trading on Friday after a record-breaking $75 billion initial public offering. Its shares jumped nearly 20%, valuing it at about $2.1 trillion. Combined with his Tesla stake, this pushed Elon Musk’s net worth above $1 trillion. The listing could boost the AI sector and encourage companies like Anthropic and OpenAI to go public.
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SpaceX IPO
REPORTER:
Elon Musk has become the world's first trillionaire thanks to SpaceX's public debut.
The rocket-launch and AI technology firm began trading on Friday after a record-breaking $75 billion initial public offering. Its shares jumped nearly 20%, valuing it at about $2.1 trillion and making it the world’s sixth-largest public company. Combined with his Tesla stake, this pushed Elon Musk’s net worth above $1 trillion.
The listing could boost the AI sector and encourage companies like Anthropic and OpenAI to go public.
