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Finance

Elon Musk becomes first trillionaire as SpaceX soars 19 percent on Nasdaq debut

Elon Musk became the first trillionaire in human history after SpaceX shares surged 19 percent on their first day of trading following a Nasdaq listing, giving the company a market value of $2.1 trillion. SpaceX stock opened at $150 a share, rose to $168 and ended at $161. Forbes put Musk’s net worth at $1.1 trillion, while an NYU professor called the IPO valuation unrealistic.

Crypto

Michael Saylor loses, Circle CEO gains as crypto moguls\' fortunes diverge in 2025

Crypto market volatility after a steep October collapse drove sharply different outcomes for industry figures in 2025. Strategy\'s Michael Saylor lost about $2.6 billion over 12 months, cutting his net worth to about $3.8 billion, while Gemini founders and former Binance CEO Changpeng Zhao also saw declines. In contrast, Circle CEO Jeremy Allaire’s net worth rose about 149 percent to $5.9 billion after the U.S. passed the GENIUS Act. Listed companies holding bitcoin totaled 192.