🚀 Historic Milestone! 🌍
With SpaceX's IPO on the Nasdaq, Elon Musk has officially become the world's first "trillionaire" (in the short scale of the U.S., equivalent to a billonario in Spanish or 1,000,000,000,000 dollars).
The breakdown of this historic event is summarized in the following key points:
The master move: SpaceX priced its initial public offering at $135 per share, raising $75 billion. This shattered the historical record set by Saudi Aramco in 2019 for the largest IPO in history.
The math of his fortune: Musk owns about 42% of SpaceX (around 4.8 billion shares). With the company valued at $1.77 trillion, his stake in the space company soared to $866.5 billion.
The total net worth: Adding the value of his shares in SpaceX to the approximately $320 billion he holds in Tesla (along with his stakes in xAI and other firms), his consolidated net worth has surpassed the $1.005 trillion mark (1.005 T in American terms).
> 💡 Clarification of terms: In Spanish-speaking countries, the figure is formally referred to as a billón (one million millions), but internationally and in the global financial sphere, the Anglo term "trillionaire" (a one followed by twelve zeros) is used.
This meteoric rise has sparked a huge global debate, splitting opinions between those who see it as an unprecedented market milestone and organizations warning about the extreme levels of wealth concentration and influence in global markets.
What do you think about this new financial record? I’m looking forward to your comments. 👇
$SPCXB
With SpaceX's IPO on the Nasdaq, Elon Musk has officially become the world's first "trillionaire" (in the short scale of the U.S., equivalent to a billonario in Spanish or 1,000,000,000,000 dollars).
The breakdown of this historic event is summarized in the following key points:
The master move: SpaceX priced its initial public offering at $135 per share, raising $75 billion. This shattered the historical record set by Saudi Aramco in 2019 for the largest IPO in history.
The math of his fortune: Musk owns about 42% of SpaceX (around 4.8 billion shares). With the company valued at $1.77 trillion, his stake in the space company soared to $866.5 billion.
The total net worth: Adding the value of his shares in SpaceX to the approximately $320 billion he holds in Tesla (along with his stakes in xAI and other firms), his consolidated net worth has surpassed the $1.005 trillion mark (1.005 T in American terms).
> 💡 Clarification of terms: In Spanish-speaking countries, the figure is formally referred to as a billón (one million millions), but internationally and in the global financial sphere, the Anglo term "trillionaire" (a one followed by twelve zeros) is used.
This meteoric rise has sparked a huge global debate, splitting opinions between those who see it as an unprecedented market milestone and organizations warning about the extreme levels of wealth concentration and influence in global markets.
What do you think about this new financial record? I’m looking forward to your comments. 👇
$SPCXB