Contra
Goldman Sachs CEO and billionaire David Solomon congratulated Musk on the SpaceX IPO, adding he has known the trillionaire “for more than 15 years, as have several of my colleagues, and it’s been incredible to see his vision come to life.” Goldman Sachs served as the lead underwriter for SpaceX’s IPO. Influencer Jake Paul disclosed his public position in SpaceX, investing $9.4 million into the company and congratulating Musk.
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Forbes Valuation
We estimate Musk’s net worth at $1.2 trillion as of 3 p.m. EDT, making him the world’s wealthiest person by a massive margin. Google co-founder Larry Page, the world’s second-wealthiest person, has an estimated net worth of $295 billion.
Read more SpaceX Opens At $150—Surging 20% After Largest IPO Ever (Live Updates)
Key Background
SpaceX opened Friday afternoon at $150 per share and has since surged 20% since then. The IPO, which is the largest in history, provided the aerospace company with a market capitalization of $2.1 trillion, topping Saudi Aramco ($1.75 trillion) and Tesla ($1.49 trillion). Retail investors placed over $100 billion in orders ahead of the IPO, according to Bloomberg.
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Further Reading
SpaceX Opens At $150—Surging 20% After Largest IPO Ever (Live Updates) (Forbes)
SpaceX’s IPO Just Made Elon Musk The World’s First Trillionaire (Forbes)