Elon Musk, 54, set a record as the world's first trillionaire with the initial trading of SpaceX.
Bloomberg reported that on June 12, SpaceX shares began trading on Nasdaq at $150 each, bringing Musk's total net worth to $1.05 trillion, equivalent to approximately 1,594 trillion won.
This wealth surpasses the GDP of major countries, including Taiwan ($976.7 billion), Ireland ($779 billion), Sweden ($760 billion), and Singapore ($660 billion), and is comparable to Switzerland's GDP.
Moreover, Musk's fortune is so vast that he could spend $27 million (about 41 billion won) daily for 100 years without exhausting his wealth.
Musk possesses enough assets to acquire all major automotive companies in the U.S., Europe, and Japan, including General Motors and Toyota. He could also cover NASA's annual budget by withdrawing just 3% of his net worth.
As SpaceX's IPO was anticipated, it was seen as only a matter of time before Musk achieved trillionaire status.
Musk founded SpaceX in 2002 and remains its largest shareholder and CEO, holding about 70% of the company's shares.
Bloomberg predicted that if SpaceX's stock price exceeded $141 per share, Musk's net worth would surpass $1 trillion.
The initial share price was $150, reaching a peak of $176 during trading before closing at $161.
Thanks to the successful IPO of SpaceX, the underwriting investment banks also reported significant profits.
Goldman Sachs and Morgan Stanley each earned $100 million in fees, according to sources cited by the Wall Street Journal.
Bank of America, Citigroup, and JPMorgan are also expected to have made around $75 million each.
* This article has been translated by AI.
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