- Elon Musk became the first person to reach a reported $1 trillion net worth after SpaceX priced its IPO at $135 a share (ticker SPCX), lifting his estimated fortune to about $1.005 trillion.
- That level of wealth outweighs the GDP of many countries and makes him richer than roughly 46% of the world’s population, reigniting debates about wealth inequality.
- The IPO could create thousands of new millionaires among SpaceX employees, but Musk’s trillionaire status is tied to the stock price and could slip if shares fall.
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