Elon Musk Is World’s First Trillionaire After SpaceX IPO (1)

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.

Shares of SpaceX rose 19% Friday to $160.95 each in their first day of trading, vaulting the value of the rocket and AI company Musk founded to $2.2 trillion. His fortune now stands at the once-unimaginable figure of $1.1 trillion, according to the Bloomberg Billionaires Index. That’s more than ...