B1 DAILY STORY
Science 12 Jun 2026
Elon Musk becomes world's first trillionaire as SpaceX soars in stock market debut
Musk is now worth $1.11tn according to the Bloomberg rich list, while SpaceX listed on the Nasdaq stock exchange with a value of $2.2tn.
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Elon Musk on Friday became the world's first trillionaire after shares in his SpaceX rocket company soared during. The biggest-ever stock market debut. The Tesla and SpaceX founder comfortably cemented his status as the world's richest man, with his total net. Worth standing at $1.11tn (£828bn) according to the Bloomberg rich list. The company said its shares would be offered at $135 each, but trading opened at $150 and. Briefly reached $176.50 in a show of investor enthusiasm for potential business related to space and companies associated with Musk. SpaceX shares closed on Friday at about $161. The initial public offering (IPO) of SpaceX raised $75bn from investors and underwriters of the deal before shares. Of the company hit the open stock market on Friday. Musk's 42% ownership stake in SpaceX gives him essentially unilateral control over everything it does.
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