Elon Musk (Photo by Allison ROBBERT / AFP)
SpaceX founder and Chief Executive Officer Elon Musk on Friday became the first person in history to cross the $1 trillion net worth threshold, CNN has reported.
The milestone was driven by the blockbuster stock market debut of his rocket company.
SpaceX priced its initial public offering at $135 per share, pushing Musk’s estimated fortune to just over $1 trillion.
The company’s shares, trading under the ticker symbol “SPCX” on the Nasdaq, climbed to $165 shortly after markets opened Friday — roughly 22 per cent above the IPO price — lifting SpaceX’s valuation above $2 trillion.
