Elon Musk Now Worth Over One Trillion Dollars After SpaceX IPO
Elon Musk has become the world's first trillionaire after SpaceX's successful initial public offering, or IPO. The company's stock was priced at $135 per share, and Musk owned roughly $860 billion worth of the stock. When you add this to his stake in Tesla, his total wealth is now over $1 trillion. This news comes at a time when Musk is more disliked and more powerful than ever, having spent $300 million funding Donald Trump's presidential campaign and getting involved in the Trump administration. Musk's involvement in the Trump administration was marked by controversy, particularly his role in leading the so-called Department of Government Efficiency. This department was criticized for canceling contracts without proper review, which had significant consequences. For example, the decision to dismantle USAID, a department that provided aid to developing countries, has been linked to hundreds of thousands of deaths. Musk's actions have been widely criticiz...