After Elon Musk’s SpaceX became a publicly traded company on the stock market with the largest IPO (initial public offering) ever, the tech mogul has become the world’s first trillionaire.
Elon Musk‘s bank account is reaching new heights.
The richest man in the world just got richer after becoming the world’s first trillionaire June 12, thanks to his company SpaceX going public at a valuation of $1.77 trillion.
With Musk’s estimated worth at $826 billion before his company’s IPO (initial public offering), the $135 stock price bumped his fortune to just over $1 trillion, according to Forbes‘ calculations.
While his wealth will continue to grow if SpaceX’s shares thrive in the stock market, the Tesla CEO—whose net worth was already more than double that of the second-richest person, Google co-founder Larry Page, at $288 billion—would no longer be a trillionaire if prices drop.
“It is certainly hard to believe that a little company that started in a warehouse in El Segundo is now going public with the largest IPO ever,” Musk said before the Nasdaq went live. “If people had told me this was gonna happen, I was like, ‘Man, you must be smoking some really good crack ’cause I think this company’s gonna fail.'”
However, he said his team had a hopeful mindset for the company’s success, adding that SpaceX has always wanted to “take the fiction out of science fiction and create an exciting and inspiring future for everyone.”
And Musk—who shares a son with former conservative influencer Ashley St. Clair, six kids with ex-wife Justine Wilson, three with Grimes, and four with Shivon Zilis—emphasized that their mission is to create a brighter outlook.
“There are always things we wish to be better, we want to solve here on Earth and we should solve them,” he concluded. “But there also have to be things that get you excited about the future, that make you glad to wake up in the morning because you can’t wait to see what happens next.”
Despite the 54-year-old’s exorbitant wealth, which largely depends on the value of his companies’ stocks, he isn’t overly focused on his finances.
“I actually don’t think about that too much,” he said to TED in April 2022. “The thing that is actually more difficult and that does make sleeping difficult is every good hour—or even minute—of thinking about Tesla and SpaceX has such a big effect on the company. I really try to work as much as possible to the edge of sanity, basically.”
And when it comes to critiques about him hoarding an unimaginable amount of money, Musk added, “I mean, at this point, it’s water off a duck’s back.” -eonline.com
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