Elon Musk Becomes Worlds First Trillionaire as SpaceX Surges on Market Debut

SpaceX CEO Elon Musk, displayed on a screen remotely from SpaceX headquarters in Starbase, Texas, speaks before the launch of SpaceX’s initial public offering (IPO) at the Nasdaq MarketSite in New York on June 12, 2026. Timothy A. Clary / AFP via Getty ImagesElon Musk, the world’s richest man, has become the first trillionaire on the planet after his shares in SpaceX jumped in its blockbuster Wall Street debut on June 12.SpaceX shares gained 19 percent on its first day of trading in the largest initial public offering (IPO) in history. Its stocks opened at around $150 per share, then shot to $168 before ending the day at around $161.