Elon Musk's net worth has increased significantly due to SpaceX's initial public offering. The company's shares were initially priced at a certain amount and later rose when they started trading on the Nasdaq. The shares opened higher than their initial price and continued to climb, resulting in a substantial gain by the end of the trading day. This development has had a notable impact on Musk's financial status. The surge in Musk's net worth is a direct result of the successful public offering of SpaceX, marking a significant milestone for the company and its founder.

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