The world’s richest person Elon Musk has created a new history. On Friday, he became the first person in the world whose total wealth exceeded 1 trillion dollars (about Rs 83 lakh crore). He got this achievement when his space and technology company SpaceX stock market With a brilliant beginning, it grew rapidly. The company listed on the Nasdaq Stock Exchange and its total value reached about $2.2 trillion.
The company had kept the issue price of its shares at $135 per share, but as soon as the market opened, the shares reached $150 and for some time climbed up to $176.50. At the end of trading the shares closed at around $161. SpaceX IPO The company raised about $75 billion from this. Investors expressed confidence in the prospects of the company’s space, satellite internet and AI business.
How much is Elon Musk’s net worth?
elon musk holds a 42% stake in SpaceX, giving them almost complete control over the company. According to Bloomberg, the value of SpaceX shares is $767 billion. The value of SpaceX option is $53.8 billion, the value of Tesla shares is $168 billion and the value of Tesla option is $116.4 billion. Including all these, his total wealth reached approximately 1.11 trillion dollars.
Employees also benefited
More than 4,400 current and former employees of the company have also benefited from the listing of SpaceX. The value of the shares he received as part of his salary has now increased significantly. Some investors believe that there may be a possibility of a big merger between SpaceX and Tesla in the coming years. If this happens, one of the world’s largest technology companies may be born.
Can Musk really spend that much money?
Interestingly, most of Musk’s assets are not cash. It is based on the price of their shares and stock options. That means their property is paper. Apart from this, they cannot sell their SpaceX shares for at least one year. Although the value of SpaceX is very high, the company is not profitable yet. According to the report, the company has suffered a loss of more than $9 billion so far in 2025 and 2026. The main reason for this is the huge investment on AI, data center and other infrastructure.
What work does SpaceX do?
SpaceX’s main business is making and launching reusable rockets. Apart from this, the company manufactures and operates Starlink internet satellite. Also working in AI field. It is considering future plans like building a data center in space.
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