Business

SpaceX IPO Makes Elon Musk World’s First Trillionaire

Updated 2026-06-12 20:55 UTC 2 sources Positive

Elon Musk became the world's first trillionaire as SpaceX, his AI and reusable rocket company, made its stock market debut with a valuation of $2.2 trillion. A Republican representative's family stands to benefit from this IPO.

Coverage timeline — 2 articles
CNBC
Republican Rep. Lisa McClain’s husband bought up to $250,000 in Elon Musk’s xAI before it was folded into SpaceX ahead of its IPO.
2026-06-12 20:38 UTC
BBC News
Musk's AI and reusable rocket company listed on the Nasdaq stock exchange with a value of $2.2tn.
2026-06-12 20:46 UTC
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