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The Independent UK
The Independent UK
National
Joe Sommerlad

Elon Musk is now worth more than most countries as the SpaceX IPO pushes him to $982 billion

Elon Musk SpaceX IPO Tesla Inc.
  • Elon Musk is poised to become the world's first trillionaire, primarily due to SpaceX's recent initial public offering (IPO).
  • SpaceX's IPO was priced at $135 per share, valuing the company at an implied $1.8 trillion and increasing Musk's net worth to an estimated $982.6 billion.
  • His trillion-dollar status could be confirmed if SpaceX's stock climbs to $138.50 per share or Tesla's share price rises significantly.
  • The majority of Musk's immense fortune stems from his substantial stakes in SpaceX, which he launched in 2002, and his 12 percent ownership of Tesla.
  • His accumulated wealth now surpasses the annual economic output of many countries globally, highlighting the unprecedented scale of his financial success.

IN FULL

Where does Elon Musk’s phenomenal wealth come from?

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