Elon Musk becomes world's first trillionaire as SpaceX soars in stock market debut
Musk is now worth $1.11tn according to the Bloomberg rich list, while SpaceX listed on the Nasdaq stock exchange with a value of $2.2tn.
Coverage by Political Leaning
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Notable Quotes
"It should be a 'wake up call' and argued it underlines the need for wealth taxes."
— Elizabeth Warren , Politician
"A trillion dollars in the hands of one man is incompatible not only with an affordable economy, but also with a healthy democracy. Economic inequality begets political inequality, and ordinary people bear the brunt while billionaires continue to write the rules for their own benefit."
— Nabil Ahmed , Activist
"Right now, people want to bid the stock higher because it's a winner at this point. Whether it stays that way, that remains to be seen."
— Todd Schoenberger , Executive
"Not just a few astronauts, I mean literally you."
— Elon Musk , Executive
"It is certainly hard to believe that a little company that started in a warehouse in El Segundo is now going public with the largest IPO ever."
— Elon Musk , Executive
"I'm confident at this point that with the incredible team that we have here at SpaceX, that we will do that for you."
— Elon Musk , Executive
"The battle between democracy and oligarchy will be the defining battle of the 21st century."
— Gabriel Zucman , Academic
""Even with June's early gains, however, views of the economy are still relatively dour.""
— Joanne Hsu , Academic
""We expect inflation pressures to ease after the Iran conflict simmers and the subsequent improvement in supply chains.""
— Jeffrey Roach , Academic
""Adobe delivered record revenue of $6.62 billion in Q2, reflecting strong AI-driven demand across our customer groups.""
— Shantanu Narayen , Executive
""Like all things Musk, SpaceX’s IPO bucked the norms""
— Elon Musk , Executive
"The battle between democracy and oligarchy will be the defining battle of the 21st century."
— Gabriel Zucman , Academic
"SpaceX wants to be able to take you to the Moon, take you to Mars, and ultimately beyond."
— Elon Musk , Executive
"Musk sets very futuristic goals that no one else is doing, and I think that has got a lot of people excited."
— Sarin Sio , Executive
"The battle between democracy and oligarchy will be the defining battle of the 21st century."
— Gabriel Zucman , Academic
"Yes, on paper. After SpaceX's stock closed up about 19% on its first trading day, Musk's net worth rose to roughly $1.1 trillion, making him the first person ever valued above $1 trillion."
— Elon Musk , Executive
Key People
Independent Senator who endorsed Graham Platner.
Bret Johnsen is the chief financial officer of SpaceX.
Former president of the United States known for his aggressive economic policies.
Elizabeth Warren is the top Democrat on the Senate Banking Committee.
Elon Musk is the CEO of SpaceX and Tesla.
Gabriel Zucman is a French economist known for his work on wealth inequality.
Gavin Newsom is the Governor of California.
Gwynne Shotwell is the President and COO of SpaceX, known for executing the company's ambitious goals.
Jeffrey Roach is the Chief Economist at LPL Financial.
Joanne Hsu is the Director of the University of Michigan Surveys of Consumers.
British Prime Minister and leader of the Labour Party.
Larry Page is one of the co-founders of Google and a key figure in the tech industry.
Nabil Ahmed is the senior director of economic justice at Oxfam America, addressing issues of economic inequality.
Sio is a representative from the financial company Dovetail.
Seth Hickle is the chief investment officer at an Indianapolis wealth management firm.
Shantanu Narayen is the former long-time CEO of Adobe.
Todd Schoenberger is the chief investment officer at Crosscheck Management in Washington, DC.
Xi Jinping is the General Secretary of the Communist Party of China and President of China.
Mayor of New York City.
Locations
Tags
All Coverage
Musk is now worth $1.11tn according to the Bloomberg rich list, while SpaceX listed on the Nasdaq stock exchange with a value of $2.2tn.
Elon Musk becomes the world's first trillionaire following SpaceX's successful IPO, with shares surging over 19% on the Nasdaq.
Elon Musk's net worth surpasses $1 trillion after SpaceX's public market debut, marking a significant milestone in his career.
SpaceX's IPO propels Elon Musk to trillionaire status, with shares closing up about 19% on the first day of trading.
Elon Musk's wealth surpasses $1 trillion following SpaceX's IPO, making him the first person to reach this milestone.
SpaceX's IPO values the company at $1.77 trillion, positioning Elon Musk to become the world's first trillionaire.
SpaceX's IPO positions Elon Musk to become the world's first trillionaire, with shares trading on the Nasdaq.
SpaceX's IPO surge crowns Musk as first trillionaire and reshapes tech power rankings.
The record-breaking IPO valued Musk’s company at $1.77tn after raising $75bn through a share offering.
SpaceX's historic IPO led to a 19.2% surge in its stock price, making Elon Musk the world's first trillionaire and boosting major U.S. stock indexes.
Elon Musk's SpaceX IPO made him the world's first trillionaire, highlighting the growing wealth gap and sparking debates on wealth taxation.
SpaceX's IPO raised $75 billion, valuing the company at $1.77 trillion, and potentially making Elon Musk the world's first trillionaire.
SpaceX's shares close nearly 20% higher on their trading debut, making Elon Musk the world's first trillionaire.
SpaceX's stock closes at $161, boosting Musk's net worth to about $1.1 trillion, marking a historic financial achievement.
SpaceX's IPO valued Musk’s company at over $2 trillion after raising $75 billion through a share offering, making him the world's first trillionaire.
SpaceX's record-breaking IPO raises $75 billion, valuing the company at over $2 trillion and making Musk the world's first trillionaire.
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