SpaceX Soars 25% in Wall Street Debut and Makes Elon Musk the First Trillionaire
SpaceX’s blockbuster debut lifts Musk’s holdings above $1 trillion as investors brace for $75 billion in stock sales and heavy automatic buying.
- On Friday, June 12, 2026, Elon Musk became the world's first trillionaire as his rocket company, SpaceX, began trading on Nasdaq. Musk marked the historic IPO by ringing the ceremonial bell from his Starbase facility in South Texas.
- Public investment, including a $1.6 billion NASA contract, funded early Falcon 9 development. Across the broader Musk empire, public funding and contracts now reach closer to $38 billion.
- Nasdaq revised its listing rules to allow SpaceX entry into index funds within 15 days, potentially triggering around $22 billion in automatic buying. At its offering price, SpaceX's market value reaches $2.4 trillion.
- Musk reiterated goals to "make life multi-planetary," promising to build a one-million person Martian colony. The company also plans to launch football-field-sized data centers into orbit and compete with Anthropic and OpenAI in artificial intelligence.
- Since the public funded the research and technology, critics argue the government should demand equity or ownership stakes. Real public ownership would require demanding both the profits and a say in how companies utilize taxpayer-funded resources.
484 Articles
484 Articles
Inside the empire that made Elon Musk the first trillionaire
New York: Elon Musk, the world’s richest man and now first-ever trillionaire, controls a lot of different businesses. Electric vehicles. Brain implants. Underground tunnels. A social media platform once called Twitter. And a rocket maker that blasted off its trading from Wall Street this week. Over time, more and more of these ventures have found themselves under the same roof. Musk merged SpaceX — which went public on Friday — with his artifici…
Platner’s ‘deranged’ response to Musk becoming a trillionaire sparks online outrage: ‘Loserthink’
NEWYou can now listen to Fox News articles! Maine Democratic Senate candidate Graham Platner was widely mocked by conservatives on social media over a post lamenting Space X and Tesla CEO Elon Musk being labeled the world’s first trillionaire. “Elon Musk just became the world’s first trillionaire,” Platner posted on X on Friday. “Let’s make sure he’s also the last.” Platner’s post, which was seen over 2 million times as of Friday evening, was r…
Platner's 'deranged' response to Musk becoming a trillionaire sparks online outrage: 'Loserthink' – Democratic Accent
Maine Democratic Senate candidate Graham Platner was widely mocked by conservatives on social media over a post lamenting Space X and Tesla CEO Elon Musk being labeled the world’s first trillionaire. “Elon Musk just became the world’s first trillionaire,” Platner posted on X on Friday. “Let’s make sure he’s also the last.” Platner’s post, which was seen over 2 million times as of Friday evening, was referring to news that Musk’s SpaceX began tr…
Platner's 'deranged' response to Musk becoming a trillionaire sparks online outrage: 'Loserthink'
Maine Democratic Senate candidate Graham Platner faces conservative backlash after posting about Elon Musk becoming the world's first trillionaire and vowing to make him the last.
In a historic event, SpaceX became the largest initial public offering (IPO) in history, making Elon Musk the world's first trillionaire. This transformation reflects a major market shift toward artificial intelligence companies. Why this matters: The largest IPO in history accomplished two things simultaneously: it made Elon Musk the world's first trillionaire and quietly transformed a privately owned rocket company into a stock that millions o…
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