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Elon Musk has become the first person in history to own assets valued at $1 trillion after SpaceX—its rocket business and AI venture—officially went public on June 12. The milestone is described as the largest wealth achievement in modern commerce.
Before SpaceX’s IPO, Musk was already the world’s richest person, with about $279 billion in Tesla stock and options, where he serves as CEO. After SpaceX began trading, he added roughly $982 billion by owning nearly half of the company, which is currently valued at about $2 trillion.
Taken together, Musk’s two listed companies have given him about $1.26 trillion in wealth. The article notes that this is largely “paper wealth,” meaning the value depends on market pricing for Tesla and SpaceX rather than cash held in a bank account.
The article emphasizes that $1 trillion equals a thousand billion dollars and is difficult to spend within a lifetime. It provides a comparison: even spending $1 million per hour, 24 hours a day, would take more than a century to exhaust $1,000 billion.
To illustrate the size of Musk’s fortune, the article lists several items with lower values:
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