SpaceX IPO makes Elon Musk the world’s first trillionaire, but your retirement fund is picking up the tab

Elon Musk is now worth more than 1 trillion. The SpaceX IPO, which priced 555.6 million shares at 135 each on 12 June, valued the company at roughly 1.77 trillion and pushed Musk past a threshold no individual has ever crossed. His SpaceX stake alone is worth an estimated 866.5 billion, according to the updated IPO prospectus. [] This story continues at The Next Web
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