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Elon Musk becomes world's first trillionaire as SpaceX soars in stock market debut
Key takeaways
- The Tesla and Space X founder comfortably cemented his status as the world's richest man, with his total net worth standing at just over $1tn (£750bn).
- It came as his artificial intelligence (AI) and reusable rocket company listed on the Nasdaq stock exchange in New York with a value of $2.2tn.
- The company said its shares would be offered at $135 each, but trading opened at $150 and briefly reached $176.50 in a sign of the enthusiasm over space, AI and companies associated with Musk.
Why this matters: a developing story that could shape the day's news cycle.
Archie Mitchell,Business reporterand Kali Hays,Technology reporter Reuters Elon Musk on Friday became the world's first trillionaire after shares in his Space X rocket company soared during the biggest-ever stock market debut.
The Tesla and Space X founder comfortably cemented his status as the world's richest man, with his total net worth standing at just over $1tn (£750bn).
It came as his artificial intelligence (AI) and reusable rocket company listed on the Nasdaq stock exchange in New York with a value of $2.2tn.
Article preview — originally published by BBC News. Full story at the source.
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