Key facts
- Elon Musk became the world's first trillionaire following SpaceX's IPO.
- SpaceX's IPO created over 4,400 millionaires among employees.
- Antonio Gracias, a longtime investor, received the second-largest payout.
- SpaceX's stock was priced at $135 per share before its public debut.
- Musk's wealth surpassed $1 trillion due to the IPO and subsequent stock trading.
Elon Musk has become the world's first trillionaire following the initial public offering of SpaceX, according to Bloomberg News. The company's stock was priced at $135 per share ahead of its public debut on Friday. Musk's stake, combined with his holdings in Tesla and the immediate stock surge, pushed his on-paper wealth beyond $1 trillion.
The SpaceX IPO also created over 4,400 millionaires among its employees, including welders and cafeteria workers who had accumulated company stock over the years. Antonio Gracias, a close associate and investor, received the second-largest payout from the offering.
SpaceX's stock continued to climb in early trading on Friday, further increasing Musk's net worth. The company's valuation exceeded $2 trillion after the trading surge.