Topline<\/p>\n
Elon Musk\u2019s fortune increased nearly $165 billion Monday, reaching a record high $1.3 trillion after SpaceX surged 20% in its first full trading day after the company\u2019s historic IPO.<\/p>\n
The world\u2019s richest person became the first trillionaire after SpaceX\u2019s trading debut. <\/p>\n
Getty ImagesKey Facts<\/p>\n
Shares of SpaceX surged more than 19.5% on Monday, closing at more than $192 and extending Friday\u2019s opening rally of 19%, while Tesla shares also rose slightly (1.2%).<\/p>\n
A further boost in SpaceX shares contributed to a $164.8 billion boost to Musk\u2019s net worth, valued at a record $1.3 trillion, putting him roughly $1 trillion clear of Google cofounder Larry Page ($301.4 billion), who Forbes ranks as the world\u2019s second-wealthiest person.<\/p>\n
Musk owns 4.8 billion SpaceX shares and an additional 350 million stock options with an exercise price of $8.40 per share, bringing his stake to about 38%.<\/p>\n
big number<\/p>\n
$85.7 billion. That\u2019s how much SpaceX raised in its IPO, the company said<\/a> Monday. That came after the brokers behind the offering purchased an additional 83.3 million shares to accommodate stronger investor demand following SpaceX’s initial $75 billion raise. The initial public offering reportedly brought in more than $350 billion, including roughly $100 billion from retail traders and the remaining $250 billion from institutional investors.<\/p>\n key background<\/p>\n SpaceX\u2019s trading debut last week swelled Musk\u2019s stake in the company to about $821 billion, making him the world\u2019s first trillionaire, with a net worth of $1.1 trillion. His fortune has soared ahead of the trillion-dollar milestone and is the latest of many over the last year, after Musk in October became the first person to be valued at $500 billion in October, then hit $600 billion in December and $700 billion just four days later. <\/p>\n further readingForbesSpaceX Says Historic IPO Raised More Than $85 BillionBy Ty Roush<\/a>ForbesSpaceX Opens At $150\u2014Surging 20% After Largest IPO Ever (Live Updates)By Ty Roush<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Topline Elon Musk\u2019s fortune increased nearly $165 billion Monday, reaching a record high $1.3 trillion after SpaceX surged…\n","protected":false},"author":2,"featured_media":536904,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[270],"tags":[18,1647,214584,19,17,11257,133,451,5908,230799,2731,229094],"class_list":["post-536903","post","type-post","status-publish","format-standard","has-post-thumbnail","category-space","tag-eire","tag-elon-musk","tag-elon-musk-net-worth","tag-ie","tag-ireland","tag-musk","tag-science","tag-space","tag-space-x","tag-space-x-shares","tag-spacex","tag-spacex-shares"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/116756361044675327","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/536903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=536903"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/536903\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/536904"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=536903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=536903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=536903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}