Elon Musk Becomes First Trillionaire Following SpaceX IPO

Elon Musk has become the world's first trillionaire following the initial public offering (IPO) of SpaceX. The rocket maker debuted on the Nasdaq today.

According to World Bank data, the SpaceX CEO's paper fortune now rivals the annual economic output of many countries. Newsmax reported that Musk, an entrepreneur who has become a central figure in internet culture, has amassed a fortune that has made him a prominent figure in popular culture.

Wired reported that the IPO occurs amid criticism regarding Musk's near-absolute control of the company, noting that this level of ownership is how the company has operated since its inception.

SpaceX is now trading on the Nasdaq as of today.