Elon Musk became the world's first trillionaire after SpaceX completed its stock market debut on Friday, with shares soaring to $161 by close of trade and the company valued at $2.2 trillion. Musk's 42% ownership stake in SpaceX, combined with his Tesla holdings, brought his net worth to $1.11 trillion, immediately sparking political debate about wealth inequality and calls for wealth taxes.
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Elon Musk became the world's first trillionaire after SpaceX completed its stock market debut on Friday, with shares soaring to $161 by close of trade and the company valued at $2.2 trillion. Musk's 42% ownership stake in SpaceX, combined with his Tesla holdings, brought his net worth to $1.11 trillion, immediately sparking political debate about wealth inequality and calls for wealth taxes.