Elon Musk Is Now Worth OVER $1 TRILLION

[00:00:00]SpaceX officially went public on the NASDAQ under the ticker SPCX, launching at 150 bucks a share and turning Elon Musk into the world's first trillionaire. But before you get mad about one guy owning that much of the economy, you need to know the truth. The SpaceX IPO was the largest in human history, raising a record 75 billion dollars and valuing the company at 1.8 trillion. [music] And because Elon owns such a massive piece of it, his stake alone is now worth 690 billion dollars.

[00:00:25]Combine that with Tesla and he breaks that trillion dollar ceiling. If you look at the numbers, there is an estimated 21 trillion dollars circulating in the American economy and Elon allegedly sits on a trillion by himself. Except he doesn't. Net worth is not cash, it's paper wealth. In fact, total US household wealth, including homes, 401Ks and investments, is over 150 trillion dollars. Meaning Elon's fortune is less than 0.8% of that, with reports suggesting he has less than 850 million dollars in liquid cash. So theoretically, Elon Musk does hold the title as the world's first trillionaire, but so far no one has a trillion dollars in the bank. Let us know your thoughts and follow What's Trending for more updates.