SpaceX IPO Makes Elon Musk the First-ever Trillionaire

Elon Musk, the wealthiest person alive, became the first-ever trillionaire when SpaceX stock began trading on Friday.

The company's founder and CEO owns roughly four out of every 10 SpaceX shares after the initial public offering (IPO). SpaceX hit markets at a valuation of nearly $2 trillion, allowing Musk to accrue hundreds of millions of dollars in new wealth, at least on paper. It marked the largest IPO of all time.

Prior to the stock listing, Musk boasted a net worth of about $780 billion, according to Forbes. The second-wealthiest person in the world, Google founder Larry Page, counts a net worth of $291 billion.

Please select this link to read the complete article from ABC News.