SpaceX Soars 25% in Wall Street Debut and Makes Elon Musk the First Trillionaire
The company has a market value of $2.21 trillion, with Forbes estimating Musk’s net worth at $1.1 trillion.
NEW YORK, June 12, 2026 (AP) — The world’s richest man just became its first trillionaire.
Shares in Elon Musk’s rocket company SpaceX soared 25% after opening for trading at noon Friday, an auspicious start for history's biggest initial public offering and enough to push the net worth of its founder and CEO over the trillion dollar mark.
