Elon Musk is the world’s first trillionaire (on paper) th…

Elon Musk is the world’s first trillionaire (on paper) thanks to the SpaceX IPO

Elon Musk's SpaceX has announced its initial public offering (IPO) price at $135 per share, positioning it to potentially become the largest IPO in history, valued at approximately $75 billion. This development highlights the company's significant growth despite current financial challenges.

Author

Newsroom Staff

Source

The Washington Post

Published

Thursday, June 11, 2026

Time

5:41 PM EDT

Elon Musk is the world’s first trillionaire (on paper) thanks to the SpaceX IPO

Democracy Dies in Darkness

By Shira Ovide and

Faiz Siddiqui

Welcome to history’s first trillionaire. Sort of.

Elon Musk’s SpaceX, a rocket, satellite internet and artificial intelligence company that’s bleeding cash and has puny sales compared to established technology giants, announced Thursday the price for its initial public offering of $135 per share. The step sets up a blockbuster IPO that ranks as the largest in history, at about $75 billion.

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