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Elon Musk First to Reach One Trillion
SpaceX succeeded in raising approximately $75 billion through its initial public offering at a price of $135 per share, resulting in the company's market valuation of about $1.77 trillion. With this valuation, Elon Musk became the first person to surpass a net worth of one trillion dollars, based on his shares in SpaceX and Tesla. Despite a net loss of around $5 billion last year, the company anticipates significant future growth through projects such as the Starship rocket and Starlink satellite internet services. Musk will remain in control of the company with more than 80% of the voting power.
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