Elon Musk has become the world's first trillionaire after SpaceX's public markets debut. His wealth is now over $1 trillion, combining his stake in SpaceX and Tesla. Musk's ascendance to trillionaire status comes at a time when he is more disliked and more powerful than ever, having spent $300 million funding Donald Trump's presidential campaign and leading the dismantling of whole departments like USAID.
Musk's wealth is expected to grow further, with a pay package from Tesla's shareholders that could be worth $1 trillion and the ability to borrow against his SpaceX shares. He will also enjoy immense power as SpaceX pursues the largest addressable market in history, owning over 80% of the voting control and having structured the company to limit legal challenges.
The implications of Musk's trillionaire status are significant, with concerns about his influence and power. As SpaceX continues to grow and expand, Musk's wealth and control are likely to increase, raising questions about the impact on the tech industry and beyond.
