It’s Elon Musk’s birthday today. But it’s Facebook’s Mark Zuckerberg who got the $1 trillion gift in the S&P 500.
The market value of the S&P 500 communication service giant Facebook (FB) hit $1 trillion on June 28. That’s somewhat of a surprise as many investors thought Musk’s Tesla (TSLA) would hit the milestone first. And only rubbing it in more: Today is Musk’s 50th.
And yet, Facebook’s market value soared more than 30% this year to close Monday at $1.08 trillion. Facebook is now the fifth company in the S&P 500 to top a trillion-dollar valuation. It took Facebook 41 trading days to go from $900 billion to a trillion, says Dow Jones. In comparison, it only took Microsoft (MSFT) 30 trading days do to the same.
But Tesla is going in reverse. The stock is down 2.4% this year, though it’s perked up this month. That means Tesla is only worth about two-thirds of Facebook, or just $663.5 billion.
Facebook’s Rise In The S&P 500
The rise of Facebook is impressive under Zuckerberg, 36. It’s gained more than $592 billion in market value from the March 16, 2020 bottom Dow Jones says. That gain tops the entire value of giant companies like Nvidia (NVDA), Visa (V), JPMorgan Chase (JPM) and Walmart (WMT).
And that means Zuckerberg’s 12.5% stake in the company is now worth $126.3 billion. That tops Musk’s $117.4 billion stake in Tesla. Musk owns 17.7% of Tesla.
Maybe Musk will get a trillion dollar gift for his 51st?
Most Valuable S&P 500 Companies
|Company||Ticker||Market value ($ trillions)||YTD % stock ch.|
Sources: IBD, S&P Global Market Intelligence
Follow Matt Krantz on Twitter @mattkrantz
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