Spacex IPO Propels Elon Musk to Title of First Trillionaire

WHO:

The Washington Post - Elon Musk is the CEO of SpaceX.

Yahoo Finance - Elon Musk is described as an ambitious entrepreneur and a central figure in internet culture.

WHAT:

The Washington Post - SpaceX announced the price for its initial public offering (IPO) at $135 per share.

The Washington Post - The IPO is set to be the largest in history, valued at about $75 billion.

Yahoo Finance - Musk's net worth is pegged at roughly $780 billion prior to the IPO.

Yahoo Finance - Musk's wealth is expected to exceed $1.1 trillion when SpaceX stock begins trading.

Yahoo Finance - Musk holds a stake in SpaceX worth approximately $866 billion.

WHERE:

Yahoo Finance - Musk's influence extends to the social media platform Twitter, which he acquired.

WHEN:

Yahoo Finance - The stock is expected to begin trading on a future date, specifically "Friday."

WHY:

Yahoo Finance - Investor enthusiasm for Musk's business ventures is highlighted by the record amount raised in the IPO.

Yahoo Finance - Concerns about inequality and public attitudes toward the ultra-wealthy are mentioned in relation to Musk's wealth.

HOW:

Yahoo Finance - Musk became a household name through his ventures with Tesla and SpaceX, and his acquisition of Twitter.

(UPDATED June 12, 2026 06:34 UTC)

SpaceX has announced its initial public offering price at $135 per share, which is set to be the largest IPO in history, valued at about $75 billion. Elon Musk, the CEO of SpaceX and a prominent figure in internet culture, is expected to see his net worth soar beyond $1.1 trillion once the stock begins trading on Friday, with his stake in the company valued at approximately $866 billion. Musk's influence also extends to Twitter, which he acquired, as investor enthusiasm for his ventures highlights both the record amount raised in the IPO and ongoing concerns about wealth inequality.