Elon Musk Becomes World’s First Trillionaire After SpaceX IPO

In a post on the social media platform he owns, Elon Musk recently lamented, “Whoever said ‘money can’t buy happiness’ really knew what they were talking about.”

Now the world’s richest person can put that maxim to an even bigger test as he adds a new title: world’s first trillionaire.

SpaceX shares opened at $150 each, 11% above their offering price after they began trading in New York on Friday, valuing the rocket and AI-company Musk founded at roughly $2 trillion. His fortune now stands at the once-unimaginable figure of almost $1.05 trillion, according to the Bloomberg Billionaires Index. ...