Elon Musk is poised to become the first trillionaire
The offering is the largest in history and could lift Musk’s fortune above $1 trillion as investors bet on SpaceX’s growth and AI ambitions.
- On Friday, June 12, 2026, SpaceX debuted on the Nasdaq under the ticker SPCX, pricing its initial public offering at $135 per share to raise $75 billion. The offering achieved a market valuation near $1.77 trillion, marking the largest IPO in history.
- CEO Elon Musk became the world's first trillionaire on paper as trading began, with his SpaceX and Tesla holdings reaching the threshold. His wealth trajectory relies on investor faith in SpaceX's long-term ambitions despite the company recording a $4.9 billion net loss in 2025.
- State treasurers from Oregon, Illinois, and Maryland criticized Nasdaq's rewrite of index-entry rules allowing SpaceX inclusion after 15 trading days. Officials warned the change exposes retirement funds to "unnecessary market volatility and disproportionate risk" without standard market correction.
- Performance-Based incentives in SpaceX's prospectus offer Musk 1 billion shares if he establishes a Mars colony with at least 1 million inhabitants. This potential payout fuels investor bets on the company's long-term vision despite the speculative nature of the achievement.
- The concentration of wealth in a single entrepreneur raises questions about corporate governance and market dynamics, with some investors calling the valuation an "Elon premium" driven more by faith than traditional financial metrics. This IPO underscores tensions between enthusiasm for innovation and concerns over extreme wealth concentration.
243 Articles
243 Articles
Sydney Morning Herald
Elon Musk becomes world’s first trillionaire
Elon Musk has become the world’s first trillionaire as SpaceX lists on the US stock market.
The fortune of the entrepreneur is more than 90% of the countries of the planet; and it is much higher than the GDP of entire countries such as Switzerland, Taiwan or Sweden. More information: SpaceX takes off on the stock market with an increase of 18% and reaches 160 dollars in the biggest opv in history
New York. SpaceX's shares, Elon Musk's company, shot more than 30% to $175 on their first day of trading after the largest initial public bid (OPI) in history, which made the controversial businessman the world's first billionaire (a billion is a million million).This large-scale operation, by which Musk aims to raise more than $75 billion, is expected to start a series of important exits to the stock exchange of artificial intelligence companie…
Elon Musk Becomes World's First Trillionaire (On Paper)
The New York Times reports: SpaceX, Elon Musk’s rocket and artificial intelligence company, blasted through records as it began trading on the stock market on Friday, making the world’s richest man its first trillionaire and signaling a new era of ultra-affluence and widening wealth inequality. The stock opened at $150 per share, more than the price finalized in its initial public offering Thursday at $135 a share. It rose further in the first f…
Coverage Details
Bias Distribution
- 47% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
