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Elon Musk becomes world's first trillionaire after SpaceX IPO
Key takeaways
- Space X floated on the Nasdaq stock exchange on Friday, with shares trading 25% above the opening price at one point.
- Shares pushed well past their opening price of $135 (roughly €117) in the hours after the initial public offering (IPO) on the Nasdaq.
- The valuation makes Musk the first person in history to hold a trillion-dollar fortune, at least in paper form — mainly through his stakes in SpaceX and electric carmaker Tesla.
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Space X floated on the Nasdaq stock exchange on Friday, with shares trading 25% above the opening price at one point. The IPO has made Musk the world's first trillionaire, at least on paper.
https://p.dw.com/p/5FIz5Musk 'virtually attended' the IPO and was seen in New York via the Times Square big screen Image: STAR MAX/IPx/picture alliance Advertisement Elon Musk became the world's first trillionaire on Friday after his Space X aerospace and Artificial Intelligence (AI) firm made its stock market debut on Friday.
Shares pushed well past their opening price of $135 (roughly €117) in the hours after the initial public offering (IPO) on the Nasdaq.
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