The Founder of Tesla and SpaceX, Elon Musk, became the world’s first trillionaire this Friday, after the American space technology company’s debut on the New York Stock Exchange.
According to Forbes, Elon Musk’s fortune is now estimated at 1.1 trillion dollars, making him the “first trillionaire in world history”.
Matt Durot, deputy editor of the American magazine known for publishing the list of the richest people in the world, highlighted that the fortune of “the second richest person has fluctuated around 300 billion dollars, that is, less than a third of Musk’s fortune”.
“And only one other person — Larry Ellison — has ever been worth $400 billion,” he added, referring to the founder of technology giant Oracle.
SpaceX debuted on the New York Stock Exchange with an increase of 11%, quoted at 150 dollars per share, reaching a market value of 1.96 trillion dollars.
According to the Associated Press (AP), institutional investors and individuals took advantage of the opportunity to buy 555.6 million SpaceX shares at the offering price of 135 dollars each, making the operation the largest initial public offering (IPO) in history, raising 75 billion dollars (65 billion euros).
Musk stated that the company went public because it needs resources to finance its plans to put satellites and data centers in space and, in the future, establish a human colony on Mars.
In addition to its goal of creating a million-person Martian colony, the company has promised to help ensure humanity’s survival by creating other advanced bases in space, launching football field-sized data centers into Earth orbit, and outpacing competitors like Anthropic and OpenAI in the race to profit from artificial intelligence.
To achieve these goals, SpaceX needs to raise billions of dollars beyond what it currently raises from its rocket and satellite businesses. Between the beginning of 2025 and March 31, 2026, the company recorded a loss of 8.7 billion dollars.
Source: www.noticiasaominuto.com.br
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