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Elon Musk world's first trillionaire after SpaceX debut: Bloomberg

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Elon Musk world's first trillionaire after SpaceX debut: Bloomberg

Tesla and SpaceX CEO Elon Musk gestures as he steps on stage during a rally for former US President and Republican presidential candidate Donald Trump at Madison Square Garden in New York, October 27, 2024. (AFP)

NEW YORK: Elon Musk became the world's first trillionaire Friday following a surge in SpaceX shares in its Wall Street trading debut, according to US media.


Shares of the tech and artificial intelligence enterprise vaulted more than 21 percent in early trading, lifting Musk's estimated wealth to above $1 trillion, according to Bloomberg and CNBC.


Musk's fortune is heavily composed of equity or "paper" holdings, rather than cash.