Elon Musk becomes first trillionaire after SpaceX Nasdaq debut

Elon Musk has become the first person estimated to reach a net worth of $1 trillion after SpaceX began trading on the Nasdaq on Friday. SpaceX opened at $150 per share, lifting the value of Musk’s stake in the company to more than $766 billion. When combined with his Tesla holdings, which are valued at about $280 billion, his total fortune from the two companies is estimated at roughly $1.05 trillion. The listing also increased SpaceX’s market value to more than $2 trillion in afternoon trading, while Tesla shares were up slightly. The development is likely to intensify debate over wealth concentration and the growing influence of major tech founders, and it also created new millionaires and billionaires among SpaceX employees and executives who hold stock.