SpaceX IPO Makes Elon Musk the First Trillionaire

Elon Musk became the world's first trillionaire Friday as SpaceX began trading on the Nasdaq at $150 a share.

His stake in the rocket company is worth more than $766 billion. Combined with his Tesla holdings, valued at $280 billion, Musk's net worth from both companies stands at roughly $1.05 trillion, according to the Bloomberg Billionaires Index.

The SpaceX IPO added more than $180 billion to Musk's fortune. He is now worth more than the next five richest billionaires combined. His personal net worth exceeds the national GDPs of Taiwan, Ireland, or Sweden.

Musk's coronation as the first person in history to reach a $1 trillion net worth is likely to intensify the debate over wealth inequality and the growing power of America's richest tech founders. The IPO also minted thousands of new millionaires and several new billionaires among SpaceX employees and executives who own stock.

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