Elon Musk on track to become first trillionaire today
5 hours ago
- #IPO
- #SpaceX
- #Elon Musk
- SpaceX debuted on the Nasdaq with a record-breaking IPO, initially valued at $1.77 trillion.
- Elon Musk's wealth approached $982.6 billion, potentially making him the world's first trillionaire as share prices rose.
- SpaceX launched Falcon 9 rockets on IPO day, carrying Starlink satellites, highlighting its operational focus.
- Pre-market indicators suggested shares could open at $174-$175, boosting valuation to over $2 trillion.
- Oxfam criticized extreme wealth inequality, noting Musk's wealth exceeds that of the poorest 46% of the global population.
- Public polling in the UK showed majority support for wealth taxes and concern over economic inequality.
- Analysts predicted volatile early trading for SpaceX, with high investor enthusiasm likely driving initial surges.