Elon Musk world’s first trillionaire after SpaceX debut

Elon Musk looks on as US President Donald Trump meets South African President Cyril Ramaphosa in the Oval Office of the White House, May 21, 2025, in Washington. (AP Photo/Evan Vucci)
Elon Musk looks on as US President Donald Trump meets South African President Cyril Ramaphosa in the Oval Office of the White House, May 21, 2025, in Washington. (AP Photo/Evan Vucci)

Elon Musk became the world’s first trillionaire on Friday following a surge in SpaceX shares in its Wall Street trading debut, according to US media.

Shares of the tech and artificial intelligence enterprise vaulted more than 21 percent in early trading, lifting Musk’s estimated wealth to above $1 trillion, according to Bloomberg and CNBC.

Musk’s fortune is heavily composed of equity or “paper” holdings, rather than cash.

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