Elon Musk became the world's first trillionairetrillionaire/trɪljəˈnɛr/L1拥有超过一万亿美元的人a person who has more than one trillion dollars on Friday when his company SpaceX had the biggest stock market debut ever. Shares opened at $150 and closed at $161. Musk's net worth is now $1.11 trillion, and he owns 42% of SpaceX. SpaceX lost over $9 billion in 2025 and 2026. The company is valued at $2.2 trillion.
Musk's wealth sparked debate about inequality, and Senator Elizabeth Warren called it a 'wake up call' for wealth taxes. However, his wealth is mostly in stock, and he cannot sell his SpaceX shares for at least a year. More than 4,400 employees became millionaires through the IPO, while the company lost money because of huge spending on AI. SpaceX aims to make life multiplanetary and plans to build a lunar economy, but the company admits these plans may not succeed. Investors are optimistic about its long-term potential, but one investor said it is important to take projections with a grain of salt.
