Elon Musk Becomes First Trillionaire as SpaceX Stock Debuts 11% Higher

Elon Musk has reportedly become the world's first trillionaire following the public debut of his company, SpaceX. The tech firm's stock opened on Friday at $150 per share, an 11% increase from its initial IPO pricing. This public offering also established a new record as the largest IPO to date.

By Fainaron·Jun 12, 2026 (7 days ago)·1 views

Elon Musk Becomes First Trillionaire as SpaceX Stock Debuts 11% Higher

Elon Musk is now recognized as the world's first trillionaire. This milestone was reached after his technology company, SpaceX, made its public debut on Friday.

SpaceX shares began trading at $150 per share, marking an 11% increase above the company's initial public offering (IPO) price. The IPO itself has been noted as the largest public offering ever recorded.

SpaceX operates across multiple sectors, including rocket manufacturing, satellite internet services, artificial intelligence, and it is also the owner of the platform X, formerly known as Twitter.

According to Variety, Musk's net worth crossed the trillion-dollar mark following the company's stock debut.

#elon musk #spacex #ipo #trillionaire #stock market #business #technology

Source attribution: This article was AI-curated and rewritten by Fainaron from a piece originally published by Variety. Read the original at Variety →

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Elon Musk Becomes First Trillionaire as SpaceX Stock Debuts 11% Higher

More like this

Two Men Arrested in Delaware for Waste Product Theft at Beachside Restaurants

Enterprises Face AI Credibility Gap Despite Widespread Claims

US Homeowners Adapt to Housing Market, Willing to Accept Higher Mortgage Rates

Lululemon Faces Backlash in China Over Cultural Misstep at Great Wall Event

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