Elon Musk Becomes World’s First Trillionaire as SpaceX Surges on Debut

Investors are betting on Elon Musk establishing data centers in space and making a permanent human colony on Mars.
Elon Musk Becomes World’s First Trillionaire as SpaceX Surges on Debut
SpaceX CEO Elon Musk, displayed on a screen remotely from SpaceX headquarters in Starbase, Texas, speaks before the launch of SpaceX's initial public offering (IPO) at the Nasdaq MarketSite in New York on June 12, 2026. Timothy A. Clary / AFP via Getty Images
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Elon Musk, the world’s richest person, has become the first trillionaire on the planet as early as the end of the June 12 trading session following SpaceX’s Wall Street debut.

The rocket, satellite, and artificial intelligence (AI) juggernaut went public on the Nasdaq in the largest initial public offering (IPO) in history.

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Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."