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Mamdani Reignites Tax Debate On X As SpaceX IPO Vaults Musk As World's First Trillionaire

Mamdani
International Business Times Fews App News Provider
Fews App Post Time 5h ago

Elon Musk became the world's first trillionaire on Friday after SpaceX's blockbuster IPO in New York, drawing an immediate and ferocious response from New York City Mayor Zohran Mamdani, who used Musk's own social media platform to renew calls to 'tax the rich. 'The news came after SpaceX, Musk's privately held rocket company, finally made its long‑anticipated debut on the public markets. Shares opened at $135 and quickly traded up to $150, handing Musk an unprecedented paper fortune linked to his controlling stake and catapulting him far beyond his already comfortable position as the world's richest man.

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