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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

Trillionaire Elon Musk Makes $6.4 Billion Every Time SpaceX Stock Rises by $1

Elon Musk expects SpaceX revenues to reach $1 trillion by 2031. Photo: POOL / Britta Pedersen

The world's first trillionaire Elon Musk now owns over 6.41 billion SpaceX shares, comprising 849.49 million or 11.3% of class A shares and 5.56 billion or 93.6% of the class B stock, with a combined voting power of 84.4%.

With ownership of around 46.4% of the rocket company, Musk's net worth soared beyond $1 trillion for the first time as the stock price continued to climb upon listing to record gains of over 27% over the past week.

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