Musk becomes world's first trillionaire as SpaceX shares jump

Author: ObohPublished on: June 12, 2026Country: United States

Business & EconomyTechnology

Elon Musk became the world's first trillionaire after SpaceX shares jumped 30% on their trading debut Friday. The largest IPO in history raised over $75 billion, valuing SpaceX at over $2 trillion. Musk vowed to take humanity to Mars, and the conglomerate also includes xAI and social media platform X.

Stay informed with NewsBoulevard

Get the latest news summaries delivered to your inbox

Related News

Elon Musk becomes world's first trillionaire as SpaceX soars in stock market debut

Business & EconomyTechnologyUnited States

Archie Mitchell, Kali Hays•4m ago

Elon Musk becomes world's first trillionaire as SpaceX soars in stock market debut

Elon Musk became the world's first trillionaire on Friday after SpaceX's stock market debut valued the company at $2.2 trillion. His 42% stake in SpaceX is worth about $884 billion, and his 12% Tesla stake adds $183 billion. The IPO raised $75 billion to fund AI and reusable rocket investments. Politicians like Bernie Sanders and Elizabeth Warren criticized the wealth milestone, calling for wealth taxes.

Senegal's money supply reaches 11,568 billion FCFA in 2025

Business & EconomySenegal

senenews.com•1h ago

Senegal's money supply reaches 11,568 billion FCFA in 2025

Senegal's money supply reached 11,568.4 billion FCFA in December 2025, up 13.3% year-on-year, according to the Directorate General of the Financial Sector (DGSF). Transferable deposits rose 9.4%, currency circulation 8.2%, and other deposits 3%. Net foreign assets stood at 2,597.2 billion FCFA, up 15.2% driven by the BCEAO's net foreign position (+41.2%), while commercial banks' net foreign assets fell 63.2%. Domestic claims increased from 10,952 to 11,454.7 billion FCFA.

Sam Bankman-Fried loses appeal to overturn fraud convictions and prison

Crime & LawBusiness & EconomyUnited States

Reuters•2h ago

Sam Bankman-Fried loses appeal to overturn fraud convictions and prison

Sam Bankman-Fried has lost his appeal to overturn his fraud conviction and 25-year prison sentence over the collapse of FTX. The court described the evidence as 'robust' and noted he used customer funds as a 'personal piggy bank'. He may seek further appeals or a pardon from President Trump, who previously pardoned Binance founder Changpeng Zhao.

Stay Updated with NewsBoulevard

Subscribe to our newsletter for the latest news summaries delivered to your inbox

Learn more