Elon Musk becomes the world's first trillion

Its 38 percent share in “SpaceX” is now worth about 800 billion dollars, as it rose 20 percent in early trade, while the total value of the company is now over $2 trillion, writes the newspaper “The Guardian”.

Musk owns just over 10 percent of the shares in the company “Tesla”, worth 165 billion dollars, and opportunities to provide an additional 8 percent, worth $104 billion, according to “magazine estimates. Forbes”.

“Forbes” calculated that Musk's wealth was about $980 billion before the company's stock trade began “SpaceX”, so only a small increase of the stock value was needed on Friday to reach the trillionth image.

Musk also has shares in his new company, “Neuralink”, and in the company “Boring Company”, and has assets from previous stock sales in “Tesla”.

The organisation “Oxfam” has warned that the growth of Musk's wealth in over a trillion dollars marks “a dark day for democracy”.