For those keeping score at home, Musk went into Friday with a supposed NW of about $850 billion. His shares of the IPO doubled that, giving him a NW of ~$1,700,000,000,000. That represents a figure equal to about 5% of total USGDP and relative to other nation's GDPs Musk would be 16th, just above Turkey and a shade below South Korea. Yes, NW isn't national income, but that is just compare the degree of wealth. What is puzzling, however, is the valuation of SpaceX. A hundred 30 times revenues? Of the companies under its umbrella, only Starlink makes money. This kind of smells like some sort of seminal event in the history of stock markets.
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