Musk becomes first trillionaire as SpaceX debuts on Nasdaq
Summary
SpaceX began trading on the Nasdaq stock exchange with a value of $1.77 trillion. The company's shares rose by 30% soon after, making CEO Elon Musk the first person ever to have a net worth of one trillion dollars.Key Facts
- SpaceX’s initial value on Nasdaq was $1.77 trillion.
- The company sold $75 billion worth of shares.
- Shares increased by 30% soon after trading started.
- Elon Musk is the CEO of SpaceX.
- Elon Musk became the first trillionaire, meaning his net worth reached one trillion dollars.
- Nasdaq is a major stock market in the United States.
- This event is historic because no one has ever had a trillion-dollar net worth before.
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