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Author: vanguardngr.comPublished on: June 12, 2026Country: Nigeria

Technology

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

Business & EconomyTechnologyUnited States

Archie Mitchell, Kali Hays•1h 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.

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