Elon Musk becomes the world’s first trillionaire as SpaceX opened at $150 per share in its Nasdaq debut
Yesterday, Elon Musk was declared the world’s first trillionaire, and this happened as SpaceX made its trading debut on the Nasdaq at $150 per share. The company’s stock started trading at $150 per share and closed the day at $160.95 per share, giving the company a nearly $2 trillion market cap.
Reportedly, SpaceX’s IPO has boosted Musk’s total net worth to an estimated $1.1 trillion. It is revealed that SpaceX raised a $75 billion in its initial IPO from investors and underwriters of the deal before shares of the company hit the open stock market yesterday. As per calculations, Musk is said to have shares in SpaceX worth $767.1 billion at the close of trade, and he has another $53.8 billion in SpaceX options. Meanwhile, he has $168 billion in Tesla shares and a further $116.4 billion in Tesla options.
Apparently, Musk’s net worth is larger than the national GDP of several major countries like Ireland, Taiwan and Sweden. And this does not even include his other ownership stakes, such as in Neuralink and The Boring Company.
Apart from Musk, SpaceX’s public listing is expected to have made millionaires of more than 4,400 of its current and former staff through the shares in the company they had been given as part of their pay.
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