SpaceX IPO makes Elon Musk the world’s first trillionaire, but your retirement fund is picking up the tab

SpaceX IPO makes Elon Musk the world’s first trillionaire, but your retirement fund is picking up the tab

Elon Musk is now worth more than $1 trillion. The SpaceX IPO, which priced 555.6 million shares at $135 each on 12 June, valued the company at roughly $1.77 trillion and pushed Musk past a threshold no individual has ever crossed. His SpaceX stake alone is worth an estimated $866.5 billion, according to the updated IPO prospectus. […]

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