Elon Musk has become the world’s first trillionaire after SpaceX began trading on Nasdaq at $150 per share, valuing the company near $2 trillion. The listing added approximately $188 billion to Musk’s net worth in a single day, pushing his fortune from $982 billion to around $1.1 trillion according to Forbes estimates. Musk holds a 38% stake in SpaceX worth roughly $765 billion, complementing his holdings in Tesla, X, and xAI. Recent business expansions, including X’s move into payments, trading, and market data alongside xAI’s artificial intelligence growth, have bolstered valuations across his portfolio.
Market strategists note that this week’s Nasdaq selloff partially reflects investors liquidating positions to secure capital for the record-sized SpaceX offering. Retail investors continue buying despite stretched valuation warnings. Separately, analysis ahead of the 2026 FIFA World Cup challenges the traditional belief that markets slow during tournaments, with data from recent competitions showing inconsistent patterns.
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FXnCO Insight
** Monitor Nasdaq volatility closely as portfolio rebalancing around the SpaceX listing may create short-term trading opportunities in tech-heavy indices.
Source: Finance Magnates