American entrepreneur Elon Musk has become the first person in history whose net worth exceeded the one trillion dollar mark. This happened after the record-breaking initial public offering (IPO) of SpaceX. This was reported by Qazaqyia.kz citing Reuters.
The company set the offering price at $135 per share and raised $75 billion, making it the largest IPO in US history. As a result, SpaceX was valued at $1.77 trillion and became one of the most valuable companies in the world.
According to Forbes and Reuters estimates, before the IPO, Musk's net worth was about $780 billion. After the IPO, the value of his stake in SpaceX rose to approximately $866 billion. Including his assets in Tesla and other companies, his total net worth exceeded $1.1 trillion.
Thus, Musk has significantly outpaced other billionaires worldwide. For comparison, the net worth of his closest pursuers is estimated at around $300–400 billion.
Elon Musk gained widespread fame through Tesla and SpaceX. He later expanded his influence by acquiring the social network X (formerly Twitter) and participating in US political and public life.
Experts note that the high valuation of the entrepreneur's companies is largely due not only to financial performance but also to investor confidence in Musk's personality and his long-term projects in space, artificial intelligence, and high technology.
Against the backdrop of the record IPO, analysts have again begun to talk about the so-called "Elon Musk premium" — the additional market value that investors are willing to pay for companies associated with the billionaire's name.