TOP STORIES Musk Becomes World’s First Trillionaire As SpaceX IPO Soars In Record-Breaking Nasdaq Debut Elon Musk has become the world’s first trillionaire after SpaceX’s record-breaking Nasdaq debut. Jun 13 — Elon Musk on Friday became the world’s first trillionaire after shares in his SpaceX rocket company soared during the biggest-ever stock market debut. The Tesla and SpaceX founder comfortably cemented his status as the world’s richest man, with his total net worth standing at $1.11tn (£828bn) according to the Bloomberg rich list. The initial public offering (IPO) of SpaceX raised $75bn from investors and underwriters of the deal before shares of the company hit the open stock market on Friday. Musk’s 42% ownership stakein SpaceX gives him essentially unilateral control over everything it does. He can spend the money being invested however he likes. According to Bloomberg, his shares in SpaceX were worth $767.1bn at close of trade, and he has another $53.8 in SpaceX options. He also has $168bn in Tesla shares, and a further $116.4bn in Tesla options. SpaceX IPO makes Elon Musk the world's first trillionaire Elon Musk is officially the world’s first trillionaire Elon Musk has made history as the first person to reach a net worth of over $1 trillion, propelled by the blockbuster public debut of his aerospace company SpaceX. SpaceX began trading on the Nasdaq on Friday in what is being called the largest IPO in history. Shares opened strongly above the $135 pricing, driving the company’s valuation past $2 trillion. Musk’s substantial stake in SpaceX, alongside his holdings in Tesla and other ventures, catapulted his fortune to approximately $1.1 trillion according to real-time trackers from Forbes and Bloomberg. The milestone reflects Musk’s unprecedented influence across electric vehicles, space exploration, satellite internet (Starlink), and artificial intelligence. At 54, he now commands more wealth than the combined fortunes of the next several richest individuals. The achievement has sparked intense debate about wealth inequality, innovation rewards, and the role of visionary entrepreneurship in shaping the future. Supporters highlight job creation, technological breakthroughs (reusable rockets, global internet access), and value generation for shareholders and society. Critics point to the widening gap between ultra-wealthy tech leaders and everyday economic challenges. Musk himself has long pursued ambitious goals like Mars colonization through SpaceX. Musk's influence spans automotive, space, AI, and social media Tesla's legal challenges and CEO pay package raised shareholder concerns Jamie Dimon, JPMorgan CEO, now praises Musk as 'our Einstein' after past disputes June 12 (Reuters) - Few business leaders have been as deeply embedded in popular culture as Elon Musk, the ambitious entrepreneur who has become a central figure in internet culture and amassed a fortune that has made him the world's first trillionaire. At a time when concerns about inequality are high and public attitudes toward the ultra-wealthy have soured, opens new tab, Musk has managed to retain a loyal following despite his stratospheric net worth ‌and without the folksy persona that endeared other tycoons such as Warren Buffett to the masses. Elon Musk became the world’s first trillionaire after shares of his rocket company SpaceX soared in Wall Street’s biggest initial public offering of stock. Shares in SpaceX jumped more than 19% after opening for trading Friday, a sign that investors are looking past the billions the company is losing and instead betting that its massive investments in satellites, orbital data centers and artificial intelligence will pay off in the future. SpaceX #elonmusk #foryoupage #muqdisho #kenyantiktok🇰🇪 #somaliland - @mrayuu_boss