{"id":85023,"date":"2026-06-12T12:23:09","date_gmt":"2026-06-12T12:23:09","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/elon-musk-becomes-the-worlds-first-trillionaire-with-spacexs-ipo\/"},"modified":"2026-06-12T12:23:09","modified_gmt":"2026-06-12T12:23:09","slug":"elon-musk-becomes-the-worlds-first-trillionaire-with-spacexs-ipo","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/elon-musk-becomes-the-worlds-first-trillionaire-with-spacexs-ipo\/","title":{"rendered":"Elon Musk becomes the world&#8217;s first trillionaire with SpaceX&#8217;s IPO"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div id=\"\">\n<p>Elon Musk has become the first person to cross the trillionaire threshold, at least on paper, after SpaceX <a href=\"https:\/\/content.spacex.com\/cms-assets\/FINAL_Documents%20and%20Updates\/SpaceX_PricingAnnouncement.pdf\" target=\"_blank\" rel=\"noopener\">priced<\/a> its\u00a0<span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/spacex-ipo-how-to-buy-stock\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">blockbuster initial public offering<\/a><\/span>\u00a0at $135 a share.<\/p>\n<p>Before the IPO, Musk was worth an estimated $813 billion, a fortune more than twice as large as the planet&#8217;s second-richest person, Google co-founder Larry Page, who is worth an estimated $288 billion, <a href=\"https:\/\/www.forbes.com\/sites\/mattdurot\/2026\/06\/03\/spacexs-reported-ipo-price-would-make-elon-musk-the-worlds-first-trillionaire\/\" target=\"_blank\" rel=\"noopener\">according<\/a> to Forbes.\u00a0<\/p>\n<p>SpaceX formally setting its stock price at $135 boosted Musk&#8217;s fortune to just over $1 trillion. The shares, which will trade under the ticker symbol &#8220;SPCX,&#8221; are poised to begin trading on Friday after the Nasdaq Composite index opens at 9:30 a.m. If SpaceX rises above $135 per share, Musk&#8217;s wealth will climb further, though he could fall below the trillionaire threshold if the dock sinks.<\/p>\n<p>While billionaire wealth alone may be hard enough to comprehend, a trillionaire represents a level of wealth that rivals the economic output of the world&#8217;s biggest nations. Only 19 countries have GDPs that <a href=\"https:\/\/data.worldbank.org\/indicator\/NY.GDP.MKTP.CD?most_recent_value_desc=true\" target=\"_blank\" rel=\"noopener\">surpass<\/a> $1 trillion, ranging from the U.S. to the Netherlands, according to World Bank data.<\/p>\n<p>Musk&#8217;s surging fortune represents a &#8220;new Gilded Age&#8221; of wealth inequality, Oxfam America senior director of economic justice Nabil Ahmed said in a statement. \u00a0<\/p>\n<p>&#8220;Elon Musk&#8217;s rise to trillionaire status marks a new pinnacle of oligarchy,&#8221; Ahmed said.\u00a0<\/p>\n<p>To be sure, plenty of other SpaceX employees and investors are likely to mint new fortunes with the IPO. About 4,400 SpaceX workers could become millionaires when the stock begins trading, <a href=\"https:\/\/www.nytimes.com\/2026\/06\/10\/technology\/spacex-ipo-employee-millionaires.html\" target=\"_blank\" rel=\"noopener\">according<\/a> to the New York Times. But Musk is likely to be the biggest beneficiary, given his large stake in the business.<\/p>\n<h2>Trillionaire math<\/h2>\n<p>Musk owns 4.8 billion shares of SpaceX, or about 42% of the company, as well as 350 million stock options exercisable at $8.39 per share, according to the company&#8217;s <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1181412\/000162828026036936\/spaceexplorationtechnologi.htm\" target=\"_blank\" rel=\"noopener\">IPO filing<\/a>. At $135 a share, Musk&#8217;s stake is worth $648 billion. His options add another $44.3 billion to his net worth.\u00a0<\/p>\n<p>Because Forbes valued Musk&#8217;s pre-IPO stake in SpaceX at $500 billion, the IPO sale boosts the value of his SpaceX shares by an additional $192.3 billion, bringing his total net worth to $1.005 trillion.\u00a0<\/p>\n<p>That wealth makes Musk richer than the bottom 46% of the world&#8217;s population, or a combined 3.8 billion people, Oxfam said.<\/p>\n<section class=\"content__body--footer\">\n<p class=\"content__meta--editors\">\n      Edited by<\/p>\n<p>                                  <a href=\"https:\/\/www.cbsnews.com\/team\/alain-sherter\/\" class=\"byline__author__link\" data-invalid-url-rewritten-http=\"\">Alain  Sherter<\/a>\n                      <\/p>\n<\/section>\n<p>  <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation  \">\n<p><h3 class=\"component__title\">More from CBS News<\/h3>\n<\/p>\n<div 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<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk has become the first person to cross the trillionaire threshold, at least on paper, after SpaceX priced its\u00a0blockbuster<\/p>\n","protected":false},"author":1,"featured_media":85024,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[703,834],"class_list":["post-85023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us","tag-elon-musk","tag-spacex"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Elon Musk becomes the world&#039;s first trillionaire with SpaceX&#039;s IPO - World News<\/title>\n<meta name=\"description\" content=\"The SpaceX CEO&amp;#039;s fortune on paper now rivals the annual economic output of many countries, according to World Bank data.\" \/>\n<meta name=\"robots\" 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