Breaking: Elon Musk set to become world's first trillionaire as SpaceX lists on US stock market

Elon Musk set to become world's first trillionaire as SpaceX lists on US stock market Fri 12 Jun 2026 at 11:44pm Elon Musk's SpaceX began its first day as a public company on Wall Street Friday after the biggest initial public offering (IPO) in history with the polarising entrepreneur promising he will take humanity to Mars. "SpaceX wants to be able to take you to the moon, take you to Mars, and ultimately beyond," Mr Musk said at a launch event in Starbase, Texas. Mr Musk is expected to become the world's first trillionaire following SpaceX's long-awaited Nasdaq debut. Exchanges, market makers and underwriters had been bracing for extraordinary order volumes after the company sold $75 billion ($106.5 billion) in shares. If SpaceX shares hold at their offering price, the company's market value would be $US1.77 trillion ($2.4 trillion). Shares will likely not trade until the middle of the trading day but will be a test of whether unprecedented investor demand can translate into a blockbuster opening for the world's biggest IPO. Loading