But explanations for this status are needed, as for now, it's only on paper.

Photo: Beata Zawrzel / NurPhoto via Getty Images
SpaceX conducted the largest initial public offering (IPO) in U.S. history, setting the price at $135 per share — making it one of the most expensive companies in the world, Reuters writes.
SpaceX raised a record $75 billion by selling 555.56 million shares. SpaceX's market value was estimated at $1.77 trillion, which also set a record for an IPO, the agency clarifies.
According to estimates by Reuters and Forbes, Elon Musk's stake in SpaceX is now worth approximately $866 billion. Considering his assets in Tesla and other companies, his fortune exceeds $1.1 trillion — thus, Musk becomes the first trillionaire in history.
However, The Washington Post writes that "like almost everything associated with Musk, his trillionaire status requires explanation." The newspaper clarifies that SpaceX gave him stock packages that will yield profit only if Musk can raise the company's value to unprecedented heights and if SpaceX manages to establish a colony on Mars.
Excluding these shares, Musk's fortune currently falls slightly short of a trillion dollars.
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