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SpaceX IPO makes Musk first trillionaire with $1.1tn fortune (opens in new tab)

Elon Musk became the world’s first trillionaire after SpaceX’s Wall Street debut Friday, as shares in the rocket, satellite and artificial intelligence company rose more than 19% and valued it at about $2.1 trillion. Forbes estimated Musk’s net worth at about $1.1 trillion after the listing, while Bloomberg figures cited by other reports put it near $1.11 trillion. The shares opened around midday at $150 after an IPO price of $135, rose to around $168 and closed just below $161; the valuation...

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