Elon Musk poised to make history as world’s first trillionaire
Summary
Elon Musk is expected to become the world’s first trillionaire after SpaceX starts trading on the stock market. SpaceX will be valued at $1.77 trillion, which will make Musk’s stake worth between $743 billion and $866.5 billion, pushing his wealth over $1 trillion.Key Facts
- SpaceX will begin trading on the Nasdaq stock exchange with a value of $1.77 trillion.
- Elon Musk owns 42% of SpaceX, which will make his shares worth roughly $743 billion to $866.5 billion.
- This new valuation will push Musk’s total wealth over $1 trillion.
- Musk is currently the richest person in the world, with a net worth of about $696 billion before this offering.
- If Musk spent $1 million every day, it would take him nearly 2,740 years to spend $1 trillion.
- Musk would be more than three times richer than Larry Page, the second richest person with $304 billion.
- Musk’s wealth as a percentage of the US economy would be about 3%, larger than historic wealthy figures like Rockefeller or Carnegie.
- Experts estimate Musk could command the labor of over 557,000 people, far exceeding past magnates.
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