markets – Page 18

Elon Musk Becomes World’s First Trillionaire After SpaceX IPO Pushes Net Worth Past 1.2 Trillion Dollars

SpaceX’s IPO combined with Tesla holdings lifted Musk’s personal wealth to over 1.2 trillion dollars making him the first trillionaire.

SpaceX shares opened at 150 and briefly surged to 176 dollars before settling around 161 at the close of regular trading.

Anthropic submitted its draft registration statement to the SEC at a valuation approaching one trillion dollars ahead of its planned IPO.

Investment bank Goldman Sachs forecast a quadrupling of IPO proceeds this year driven by three landmark technology listings.

Tata Sons board held discussions about extending the tenure of CEO Chandrasekaran but deferred a formal decision.

Titan grew from 50000 crore in FY25 to adding 25000 crore more in FY26 with expansion into fragrances eyewear and global markets.

A growing corruption scandal in Brazil is threatening to reshape the political landscape ahead of the country’s presidential election.

The IPO of SpaceX which also includes the xAI segment was celebrated as the culmination of a 24-year journey from a small El Segundo warehouse.

An explosion at the Vizag Steel Plant caused the death of nine workers sparking calls for accountability from political leaders.

Google co-founder Larry Page is the closest rival to Musk but his 296 billion dollar fortune falls far short of the new trillion-dollar mark.