06/12/2026
🚨 BREAKING NEWS: ELON MUSK BECOMES WORLD’S FIRST TRILLIONAIRE AS SPACEX SOARS ON WALL STREET
NEW YORK — History was made on Wall Street Friday as SpaceX shares surged 11% in their market debut, pushing the company’s value to an estimated $1.96 trillion and making CEO Elon Musk the world’s first trillionaire.
Investors rushed to buy shares of the rocket company, which raised a record-breaking $75 billion in what is now the largest initial public offering in history. More than 555 million shares were sold at $135 each before climbing to $150 shortly after trading began.
The milestone marks another extraordinary chapter for Musk, who previously built fortunes through PayPal, Tesla, and SpaceX. While critics have questioned the company’s massive valuation and ambitious long-term goals, investors are betting heavily on SpaceX’s future in space exploration, satellite communications, artificial intelligence infrastructure, and its vision of establishing a human colony on Mars.
Speaking during the opening of trading, Musk reiterated his mission to make humanity a multi-planetary species.
“SpaceX wants to be able to take you to the moon, take you to Mars, and ultimately beyond,” Musk said.
The company’s public debut comes despite significant financial challenges. SpaceX reportedly lost billions over the past year as it continues investing in next-generation rockets, satellite networks, and future space technologies.
Supporters point to the company’s history of accomplishing what many once considered impossible, including reusable rockets and transforming the commercial space industry. Skeptics argue the stock’s valuation far exceeds the company’s current financial performance.
Regardless of where the stock goes next, Friday’s trading debut has already secured a place in financial history, making Musk the first person ever to surpass the $1 trillion personal wealth mark.
📈 By the Numbers
• SpaceX Market Value: $1.96 Trillion
• Opening Share Price: $150
• First-Day Gain: +11%
• IPO Proceeds: $75 Billion
• Shares Sold: 555.6 Million