Elon Musk is the world’s first trillionaire (on paper) thanks to the SpaceX IPO - The Detroit News
10/10Elon Musk became the world's first trillionaire (on paper) due to SpaceX's IPO, marking a historic financial milestone on June 11, 2026.

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Elon Musk became the world's first trillionaire (on paper) due to SpaceX's IPO, marking a historic financial milestone on June 11, 2026.
SpaceX raised $75 billion in a record-breaking IPO on June 11, 2026, with retail investor orders surpassing $100 billion, making it the largest IPO in history.
On June 11, 2026, SpaceX was valued at nearly $1.8 trillion ahead of its IPO, significantly boosting Elon Musk’s wealth and expanding the company's market presence.
SpaceX’s IPO attracted more than $100 billion in retail investor orders as of June 11, 2026, indicating overwhelming market enthusiasm for the company's public debut.
BlackRock, a major institutional investor, sought to buy at least $5 billion in SpaceX IPO shares prior to the June 11, 2026 offering, signaling strong institutional confidence.
SpaceX’s IPO final share price was set at $135 on June 11, 2026, with retail investor orders exceeding $100 billion, underscoring robust market demand for the shares.
Investor demand for SpaceX’s IPO reportedly has exceeded $250 billion as of June 11, 2026, reflecting intense enthusiasm and making it one of the most oversubscribed public offerings.
Starlink’s satellite internet network played a critical role in boosting SpaceX's valuation and revenue projections ahead of its IPO, which took place in June 2026.
SpaceX's IPO has generated $70 billion in retail demand by June 11, 2026, positioning many SpaceX employees, from executives to welders, to become multimillionaires after the public listing.
On April 20, 2024, SpaceX launched 24 Starlink satellites from Vandenberg Air Force Base using a Falcon 9 rocket, continuing to expand its satellite internet constellation prior to going public.