Elon Musk becomes world's first trillionaire as SpaceX soars in stock market debut

Elon Musk became the world's first trillionaire after SpaceX's stock surged during its IPO, reaching $161 per share. The company, valued at $2.2 trillion, saw shares open at $150 and peak at $176.50, raising $75 billion. Musk's 42% stake in SpaceX adds $767.1 billion to his net worth, with additional Tesla holdings bringing total wealth to $1.11 trillion. His wealth has sparked debates on inequality and political influence, though his stock is temporarily locked due to IPO restrictions.