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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