Elon Musk Becomes World's First Trillionaire After SpaceX IPO

On Friday, Elon Musk became the world's first-ever trillionaire following SpaceX's initial public offering on Nasdaq. 

The company came in at $150 per share, and no, Musk, the CEO of SpaceX and Tesla, holds a stake worth more than $766 billion. 

Thus, that, along with his $280 billion stake in Tesla, means the net worth of both of his companies comes in at around $1.05 trillion. 

According to CNBC, the SpaceX IPO added more than $180 billion to his fortune. As a result, CNBC added that he is now worth more than the next five richest people on Earth combined, and his personal net worth is more than the GDP of Ireland, Sweden, and Taiwan. 

Just before SpaceX's IPO, Google agreed to a $920 million monthly data center deal with the company. 

SpaceX IPO Sends Musk's Wealth Soaring

Along with Musk becoming a trillionaire, this created thousands of new millionaires and more billionaires among employees and executives who own company stock. 

CNBC also said that shares "gained roughly 20% Friday to close just above $160 apiece," which brings the company to a value of more than $2 trillion. 

Also, shares in Tesla rose 2% to about $406 apiece. 

In 2012, Bloomberg declared Musk the first billionaire with a net worth of $2.4 billion. 

In 2019, he had a net worth of $20 billion, and the following year, it surged to more than $100 billion after a Tesla stock split.

Musk Widens the Gap Over Other Billionaires

The second-richest person in the world is Google co-founder Larry Page, with a net worth of $295 billion, per Forbes; CNBC said. 

From there, the other richest individuals include Google co-founder Sergey Brin, Jeff Bezos, and Larry Ellison. 

CNBC said that, per Forbes, Bill Gates would have a net worth of $464 billion if not for his philanthropic efforts.