News · 12 June 2026
Elon Musk now world's first trillionaire
_(cropped).jpg/960px-SpaceX_CEO_Elon_Musk_visits_N%26NC_and_AFSPC_(190416-F-ZZ999-006)_(cropped).jpg)
NORAD and USNORTHCOM Public Affairs via Wikimedia Commons (Public Domain)
SpaceX's record-breaking stock market debut today made Elon Musk the first person ever to reach a trillion dollars in wealth. The rocket and satellite firm's stock commenced trading on the Nasdaq exchange at $150, representing an 11% increase over their initial public offering price. This pushed the company's valuation to almost $2tn, with Musk's stake, reported to be either 38% or 40% in different reports, now worth around $800bn.
Reported by Guardian · How we write briefs