Musk becomes world's first trillionaire as SpaceX shares jump
Elon Musk has become the world's first trillionaire following the successful IPO of SpaceX on the Nasdaq exchange. The company, now valued at approximately $2 trillion, has expanded its focus from aerospace to include AI and satellite infrastructure.
Why it matters
This historic valuation marks a significant shift in the global economy, highlighting the massive investor appetite for AI-integrated aerospace and satellite conglomerates.
Shares in Elon Musk s SpaceX jumped 11% to $150 on their first day of trading Friday (June 12, 2026) after the biggest initial public offering in history, making the polarising entrepreneur the world s first trillionaire as he vowed to take humanity to Mars.
The article reports on financial market events and corporate milestones without taking a political stance or using loaded language.
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