00:00SpaceX officially went public on the Nasdaq under the ticker SPCX, launching at $150 a share and
00:05turning Elon Musk into the world's first trillionaire. But before you get mad about one guy owning that
00:10much of the economy, you need to know the truth. The SpaceX IPO was the largest in human history,
00:15raising a record $75 billion and valuing the company at $1.8 trillion. And because Elon owns
00:21such a massive piece of it, his stake alone is now worth $690 billion. Combine that with Tesla,
00:26and he breaks that trillion-dollar ceiling. If you look at the numbers, there is an estimated
00:31$21 trillion circulating in the American economy, and Elon allegedly sits on a trillion by himself.
00:37Except he doesn't. Net worth is not cash, it's paper wealth. In fact, total U.S. household wealth,
00:43including homes, 401ks, and investments, is over $150 trillion, meaning Elon's fortune is less than
00:490.8% of that, with reports suggesting he has less than $850 million in liquid cash. So theoretically,
00:55Elon Musk does hold the title as the world's first trillionaire, but so far, no one has a trillion
01:00dollars in the bank. Let us know your thoughts and follow what's trending for more updates.
Comments