Elon Musk becomes world's first trillionaire after SpaceX IPO

Article excerpt

SpaceX went public on Nasdaq Friday, with shares surging 25% above their opening price at peak trading. The IPO catapulted Elon Musk to a paper net worth exceeding $1 trillion, making him the world's first trillionaire, though the figure exists only on balance sheets, not in cash. The milestone underscores both investor enthusiasm for the aerospace company and the vast wealth concentration among tech billionaires.