Elon Musk was over the moon as he marked his historic milestone of becoming the world’s first trillionaire with an exclusive, multi-venue blowout.
The 52-year-old tech mogul celebrated SpaceX’s stellar Wall Street debut alongside the employees who helped steer the historic mission.
Out of this world celebration
Instead of hiding away in a VIP bunker, a source revealed that the newly minted trillionaire kept things remarkably grounded, partying at SpaceX’s southern Texas rocket launch facility.
They told Page Six, “Elon celebrated the IPO at Starbase last Friday. He’s low-key a man of the people and wants to chill with other engineers.” The Tesla founder was spotted celebrating alongside his siblings, Kimbal and Tosca Musk, according to a photo posted on X.
© WPA PoolParty hopping in NYC
But the celebrations didn’t stop in Texas, as the company’s top brass painted New York City red with a glamorous multi-stop victory lap. SpaceX executives first toasted their massive achievements at the JP Morgan Headquarters, before moving the party to the ritzy, ultra-exclusive members club Zero Bond in NoHo.
Meanwhile, staff from Musk’s artificial intelligence venture, xAI, let their hair down with cocktails and dancing at The Yacht Club in Chelsea.
© SOPA ImagesHistory made on Wall Street
The wild weekend came after SpaceX made history with the largest IPO in Wall Street history, debuting on the Nasdaq and closing at $161.11 – a staggering 19 per cent higher than its target price.
The surge skyrocketed the aerospace powerhouse’s valuation to over $2 trillion, officially making it the sixth most valuable company on the planet. After ringing a ceremonial stock market bell at Starbase, a thrilled Musk told the crowd: “That’s what SpaceX is all about – it’s to take the fiction out of science fiction and create an exciting, inspiring future for everyone.”
© TIMOTHY A. CLARYHe then teased his ultimate cosmic vision, adding: “SpaceX wants to be able to take you to the moon, take you to Mars and ultimately beyond.” The market rally has vastly widened the gap between Musk and the rest of the world’s wealthiest individuals. According to the Bloomberg Billionaires Index, his net worth has climbed past $1.1 trillion.
This unprecedented figure is driven by his 42 per cent equity stake in SpaceX alongside his $280 billion holding in electric vehicle manufacturer Tesla. Financial analysts point out that Musk’s personal valuation now exceeds the annual gross domestic product (GDP) of nations such as Ireland, Sweden, and Taiwan.
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