Elon Musk becomes world’s first trillionaire as SpaceX makes historic stock market debut - Businessday NG

Elon Musk becomes the world's first trillionaire after SpaceX's record stock debut

SpaceX IPO raised $75B at $1.77T; Musk becomes first trillionaire ($1.1T), exceeding next five billionaires combined. ~20% SpaceX revenue from federal contracts; Saudi/UAE sovereign funds expand xAI stakes, marking tech-government consolidation and geopolitical shift.