IPO Newsroom

ELON MUSK IS THE WORLD'S FIRST TRILLIONAIRE His net worth is estimated at about $1.1 trillion after SpaceX's historic debut. And he wasn't the only one who got rich today: Around 4,400 current and former SpaceX employees became millionaires through stock compensation accumulated at the company, per a New York Times analysis. The math behind the milestone: - Musk's SpaceX stake alone is estimated at $690 billion - SpaceX $SPCX priced at $135, opened at $150 and touched $176.52 in its first session - Tesla $TSLA holdings and other assets carry his total past $1 trillion - He retains roughly 85% of the company's voting power through its dual-class structure

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