SpaceX IPO makes Elon Musk world’s first trillionaire as shares soar 19%
Elon Musk has achieved the unprecedented milestone of becoming the world's first trillionaire after SpaceX's initial public offering saw its shares surge by 19%.
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Elon Musk has officially become the world's first trillionaire, a landmark achievement attributed to the highly anticipated Initial Public Offering (IPO) of his aerospace company, SpaceX. The company commenced public trading on the Nasdaq on June 12, 2026, under the ticker SPCX, after pricing its shares on June 11.
SpaceX's stock surged dramatically in its market debut, experiencing a gain of over 19%. This historic IPO propelled SpaceX's valuation past $2 trillion, solidifying its position as one of the world's most valuable companies.
As a result of this significant market event, and combined with his existing holdings in Tesla, Musk's net worth has soared beyond $1 trillion. This makes him the richest individual globally, marking an unprecedented milestone in financial history.
What each outlet emphasizes
- CNN: reports on SpaceX shares gaining 19% following largest IPO in history, making Musk the first trillionaire
- BBC: details Musk's stratospheric rise in charts and confirms his trillionaire status as SpaceX soars
- The Guardian: explains how much money Musk just made
- AP: highlights SpaceX stock soaring in debut and making Musk the first trillionaire, also discussing what a trillion means in real terms
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kiplinger.com ↗ celebritynetworth.com ↗ hiive.com ↗ bitmex.com ↗ washingtonpost.com ↗