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According to Forbes’s most recent global billionaire rankings, Elon Musk, CEO of both Tesla and SpaceX, has seen his personal fortune surge to a record $1.2 trillion, officially making him the world’s first trillionaire based on the previous trading day’s figures. This remarkable milestone is largely driven by the exceptional performance of his two leading companies. The latest market data reveals that SpaceX’s total valuation has climbed to $2.28 trillion, marking an 8% single-day increase. This impressive growth has propelled SpaceX past TSMC, establishing it as the sixth-largest company by market capitalization on the U.S. stock market.
SpaceX’s dominant position in the commercial space and Starlink sectors has been a key factor in its rising valuation, now serving as the primary driver of Musk’s immense wealth.
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