Musk becomes first trillionaire as US leads oil exports and ECB raises rates

Elon Musk has reportedly become the world's first dollar trillionaire following the initial public offering (IPO) of his aerospace company, SpaceX. The IPO raised an estimated $75 billion, significantly increasing his net worth from approximately $780 billion to over $1.1 trillion. Concurrently, the United States has emerged as the world's largest oil exporter, surpassing traditional leaders Saudi Arabia and Russia, marking a notable shift in the global energy market. These economic shifts occur as the European Central Bank (ECB) recently raised its key interest rate by 0.25 percentage points to 2.25%, its first hike since September 2023, in response to an energy shock.

Sources: Forbes Ukraine, Українська правда, Громадське