Elon Musk's fortune surged by $620 billion, nearing $1.32 trillion, driven by SpaceX's record IPO and stock value increase.

The world’s richest person became the first trillionaire after SpaceX’s trading debut.

Today’s Forbes Daily covers a historic rut for consumer sentiment, the New York Knicks owner's fortune, how SpaceX investors made bank, a U.S. Iran peace deal and more.