Elon Musk becomes world’s first trillionaire after SpaceX IPO

Elon Musk becomes world's first trillionaire after SpaceX IPO raises $75B

SpaceX IPO raised $75 billion at $1.77 trillion valuation, making Musk the world's first trillionaire. With $8.7B pre-IPO losses but no reusable-rocket competitor and gov contracts, SpaceX's 84.4% founder voting creates governance risk—forcing portfolio managers to reclassify it as tech-defense hybrid.