IPO mints Musk as world's first trillionaire - now SpaceX is public, it will be harder than ever not to have a stake in its future I'm filling in for your usual host Blake Montgomery, who is out this week on vacation. Today, we'll be talking about the historic SpaceX IPO and the US government's surprise order to limit the use of Anthropic's most advanced AI model over cybersecurity concerns. Elon Musk's SpaceX hit the market on Friday in the biggest IPO of all time, raising $85.7bn and easily shattering the previous record of $29.4bn set by the Saudi oil giant Aramco. The rocket, AI and satellite communications company ended the day at $160.95 per share, up from its IPO price of $135 and satisfying any Wall Street skepticism over the unorthodox rollout of the stock. SpaceX's successful market debut turned Musk into the world's first trillionaire, an unprecedented accumulation of wealth that supporters touted as a testament to his financial genius and critics denounced as a symbol of a broken economic system.

Elon Musk became the world's first trillionaire on Friday, following the record-breaking stock market debut of his company SpaceX. With a current estimated net worth of about $1.11tn, according to Bloomberg, Musk sits well above wealthy billionaires topping rich lists, including Google co-founders Larry Page and Sergey Brin, Amazon founder Jeff Bezos, and boss of French luxury goods group LVMH, Bernard Arnault. Musk - who first made waves in the tech industry in the late 1990s - hasn't always topped the rich list though. In January 2020, he was only the 35th richest person in the world, with a fortune of around $28bn. But his wealth took off that year as the value of his two biggest companies - electric carmaker Tesla and space exploration and AI firm SpaceX - began to grow sharply.

Elon Musk becomes world's first trillionaire as SpaceX soars in stock market debut Elon Musk on Friday became the world's first trillionaire after shares in his SpaceX rocket company soared during the biggest-ever stock market debut. The Tesla and SpaceX founder comfortably cemented his status as the world's richest man, with his total net worth standing at $1.11tn (£828bn) according to the Bloomberg rich list. It came as the rocket, telecommunications and artificial intelligence (AI) company listed on the Nasdaq stock exchange with a value of $2.2tn. The company said its shares would be offered at $135 each, but trading opened at $150 and briefly reached $176.50 in a show of investor enthusiasm for potential business related to space and companies associated with Musk. SpaceX shares closed on Friday at about $161.

Follow this section to personalize your feed and get instant alerts. Follow Go to your personalized feed WHY FOLLOW? Smart Alerts: Get notified about major news as it happens. Follow this tag to personalize your feed and get instant alerts. Follow Go to your personalized feed WHY FOLLOW?

Elon Musk's SpaceX valued at nearly $1.8tn ahead of record share sale SpaceX has raised $75bn (£56bn) from financial firms ahead of it becoming a publicly traded company on Friday, in what is expected to be the highest-value stock listing in history. In a filing with the US Securities and Exchange Commission, the space exploration and artificial intelligence (AI) company said it had sold $75bn in shares priced at $135 each. The share price matches the estimate SpaceX gave last week, leaving the firm's expected initial stock market value to be nearly $1.8tn. At that value, chief executive Elon Musk - already the richest man in the world - is set to become the world's first trillionaire. Once shares start trading, their value could rise or fall depending on how many shares are made available for sale, and how strong the demand is for those shares.

Protesters make their point in Austin, Texas, but Tesla investors disagreed, voting to make the tycoon the world's first trillionaire. Protesters make their point in Austin, Texas, but Tesla investors disagreed, voting to make the tycoon the world's first trillionaire. 'Musk is Tesla and Tesla is Musk' - why investors are happy to pay him $1tn Making Elon Musk the world's first trillionaire appears to fit a US investment culture of backing high-flying innovators For all the headlines about an on-off relationship with Donald Trump, baiting liberals and erratic behaviour, Tesla shareholders are loath to part with Elon Musk . Investors in the electric vehicle maker voted on Thursday to put the world's richest person on the path to become the world's first trillionaire, despite the controversy that is now seemingly intrinsic to his public profile. Shareholders approved the $1tn compensation plan, which could yield the largest corporate payout in history if he meets a series of tough-looking goals, not least pushing Tesla from its current market value of $1.4tn to $8.5tn (£1.06tn to £6.4tn).

This material may not be published, broadcast, rewritten, or redistributed. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset . Powered and implemented by FactSet Digital Solutions . Mutual Fund and ETF data provided by Refinitiv Lipper .

Who will be crowned the world's first trillionaire? Mark Cuban says there's one disruptive trend that'll bring a whole new meaning to the word "rich." You likely know Cuban as a star investor on ABC's Shark Tank. The billionaire also owns the Dallas Mavericks. "The world's first trillionaires are going to come from somebody who masters AI." Artificial Intelligence (AI) is the most hyped up trend on the planet.

Who will be crowned the world's first trillionaire? Mark Cuban says there's one disruptive trend that'll bring a whole new meaning to the word "rich." You likely know Cuban as a star investor on ABC's Shark Tank. The billionaire also owns the Dallas Mavericks. "The world's first trillionaires are going to come from somebody who masters AI." Artificial Intelligence (AI) is the most hyped up trend on the planet.

Billionaire investor Mark Cuban is bullish on the future of artificial intelligence and has been for years. Not only has he made it a priority to learn about and invest in AI himself, but he has consistently recommended other entrepreneurs do the same. And if the ABC's "Shark Tank" star had to start a side hustle business today, that's where Cuban would turn. "I would become an expert in scripting for Alexa and Google Home and Cortana and go to any place that sold devices they supported and show them how much more they could do with a few hours of personalization," he tells CNBC Make It. By "scripting," Cuban is referring to the process of coding voice commands to create so-called "skills," which enable devices – like Amazon's Echo or Echo Dot, which use artificial intelligence-enabled voice assistant Alexa, Google Home or Microsoft's Cortana – to complete a task.