Why Elon Musk is being called the world's first trillionaire after SpaceX IPO?

SpaceX raised a record $75 billion through its IPO, valuing the rocket, satellite and artificial intelligence company at $1.77 trillion. Shares surged after the market debut, lifting the company's valuation above $2 trillion and making it the sixth-largest publicly listed company in the United States, according to foreign media reports.
Why Elon Musk is being called the world's first trillionaire after SpaceX IPO?
Elon Musk is being described as the world's first trillionaire after the blockbuster initial public offering (IPO) of SpaceX |Image source: ChatGPT generated/ Representational|
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