SpaceX went public Friday, with shares trading at just above $150 in a hotly anticipated initial public offering that values Elon Musk’s rocket and AI company at $2 trillion. With this, Musk has now made history as the world’s first trillionaire.
Elon Musk has become the world’s first trillionaire, a milestone that offers investors a glimpse into where the next generation of “extraordinary wealth creation is likely to emerge”, affirms Nigel Green, CEO of global financial advisory deVere Group.
SpaceX has acquired artificial intelligence startup xAI in a transaction that media reports said values the combined entity at around $1.2 trillion, creating one of the most ambitious technology platforms ever assembled. Financial details were not formally disclosed by the companies.
