Elon Musk has become the world's first "trillionaire." That's because SpaceX, which accounts for about 70% of Musk's net worth, successfully finished its first transaction after going public.
On the 12th, local time, Bloomberg said that as SpaceX transacted at $150 per share on the U.S. Nasdaq, Elon Musk's total assets reached $1.05 trillion, or 1,594 trillion won.
This is more asset than Taiwan's gross domestic product (GDP) of $976.7 billion, Ireland's $779 billion, Sweden's $760 billion, and Singapore's $660 billion. It is also a similar level to Switzerland's GDP.
Compared with Larry Page, the Google co-founder who ranks No. 2 among the world's richest, Musk's asset scale is more than three times that of No. 2.
Musk holds more money than the combined assets of Page and Sergey Brin, Google co-founders who rank Nos. 2–4 among billionaires, and Jeff Bezos, the Amazon founder. Compared with the "Oracle of Omaha," Warren Buffett, Musk has seven times more assets.
As SpaceX's listing moved forward, predictions continued that Musk would soon become a trillionaire. Musk is the founder, largest shareholder, and chief executive officer (CEO) who created SpaceX in 2002.
At the time, Bloomberg said that if SpaceX's share price just exceeded $141 per share, Musk's asset scale would also surpass $1 trillion.
On the first day of listing, the 12th, local time, SpaceX began transactions at $150. During the session the share price rose to $176, then closed at $161.
As a result, SpaceX's corporate value ranked sixth, after Nvidia, Alphabet, Google's parent, Apple, Microsoft, and Amazon.
According to The Wall Street Journal (WSJ), Musk leads SpaceX, which ranks sixth among the top 10 companies by market capitalization, and Tesla, which ranks eighth.