Elon Musk has reportedly become the world’s first trillionaire after SpaceX’s stock market listing pushed his net worth beyond one trillion dollars. According to Fortune magazine, SpaceX’s valuation reached 1.77 trillion dollars following its initial public offering, boosting the combined value of Musk’s holdings in SpaceX and Tesla.

Despite his immense wealth, Musk continues to live a modest life. He resides in a small prefabricated house near SpaceX’s Starbase in Boca Chica, Texas. The house, built by housing startup Boxabl, measures only 20 feet by 20 feet and includes a living area, bedroom, kitchen, and bathroom. Musk previously stated that he rents the home from SpaceX for about 50,000 dollars. After moving from California to Texas in 2020, he sold most of his luxury properties, though some large houses remain under company ownership in Austin’s West Lake Hills area.

Musk’s simple lifestyle has drawn mixed reactions on social media, with some praising his minimalism and others suggesting it may be a public image strategy.