Tesla Inc.
(NASDAQ:TSLA) Elon Musk officially became the world's first trillionaire on Friday after SpaceX's (NASDAQ:SPCX) highly anticipated public debut boosted the value of his holdings and reignited a debate over wealth inequality and taxes on the ultra-rich.
SpaceX IPO Pushes Elon Musk's Net Worth Above $1 Trillion SpaceX began trading at an initial public offering price of $135 per share before opening at $150, lifting the company's valuation to nearly $2 trillion and propelling Musk's estimated net worth to about $1.1 trillion.
The bulk of Musk's fortune stems from his roughly 38% stake in SpaceX, valued at approximately $765 billion.
His holdings in Tesla account for another $276 billion, while additional wealth comes from ventures including Neuralink and The Boring Company.
