SpaceX IPO values company above $1.7T, pushing Elon Musk past $1T net worth

The record-breaking share sale underscores investors’ faith in Musk’s ventures, even as concerns persist over his corporate influence and political role.

What Elon Musk can do with a trillion dollars in wealthContinue reading on Predict »

SpaceX shares have rocketed in the days after it pulled off the biggest stock market float in history.

It’s official. Elon Musk is now the world’s first-ever trillionaire, after his rocket ship company SpaceX’s record-shattering $2 trillion debut on the NASDAQ last Friday. With a mind-numbing net fortune of $1.4 trillion that is growing by the day, Musk is now worth more than the entire economy of Switzerland. He is more than 13 […]

Musk became the world's first trillionaire last Friday after SpaceX's historic public debut became the largest IPO in Wall Street history.

IPO mints Musk as world’s first trillionaire – now SpaceX is public, it will be harder than ever not to have a stake in its future Hi and welcome to TechScape. Nick Robins-Early here, US tech and power reporter at the Guardian. I’m filling in for your usual host Blake Montgomery, who is out this week on vacation.Today, we’ll be talking about the historic SpaceX IPO and the US government’s surprise order to limit the use of Anthropic’s most advanced AI model over cybersecurity concerns. I’ll also share a dispatch from Web Summit Rio, South America’s largest tech event.SpaceX makes largest ever stock market debut, minting Musk as a trillionaireAfter SpaceX’s huge IPO, Americans’ financial future will be bound to AIHow much money did Elon Musk make in SpaceX’s stock market debut? Continue reading...

The world’s richest person became the first trillionaire after SpaceX’s trading debut.

The world’s richest person became the first trillionaire after SpaceX’s trading debut.

The company's share price rose from $135 to $160.95 on its first trading day, increasing SpaceX's market value to $2.11 trillion.

The spectacle of SpaceX trumps DCF models  Financial TimesElon Musk, the world's first trillionaire - his stratospheric rise in charts  BBCWe're adding to our position in a consumer bank that benefits from lower oil prices  CNBCA Guide to the Biggest Winners From the SpaceX IPO  WSJWhat's next for SpaceX stock after IPO blastoff  Reuters

The claim lands days after SpaceX completed the largest IPO in history, raising $75 billion and closing its first session at a $2.1-trillion valuation, the sixth-largest U.S. listed company. The debut also made Musk the world's first trillionaire.

ILLUSTRATION BY RUTH MACAPAGAL Last Friday, SpaceX went public and the world fixated on a single number. At $135 a share, the company hit a valuation of roughly $1.77 trillion—the largest initial public offering (IPO) in history. In the space of one trading session, Elon Musk became the first trillionaire the human race has ever […]...Keep on reading: How to sell the impossible: The real lesson behind SpaceX’s trillion-dollar debut

Elon Musk’s SpaceX launched its record-breaking IPO on Friday, making him the world’s first trillionaire while enriching many employees and investors.

SpaceX’s first day on the stock market transformed the startup into one of the world’s most-valuable public companies, handed buyers of the IPO a 19% return and turned its founder Elon Musk into the world’s first trillionaire. Bloomberg Tech Co-Host Ed Ludlow joined David Gura and Christina Ruffini on Bloomberg This Weekend to discuss. (Source: Bloomberg)

Shares in Elon Musk's SpaceX closed almost 20 percent higher on their trading debut Friday after the biggest IPO in history, making the polarizing entrepreneur the world's first trillionaire as he vowed to take humanity to Mars.

NEW YORK — The world’s richest man just became its first trillionaire. Shares in Elon Musk’s rocket company SpaceX soared 25 percent after opening for trading at noon Friday, an auspicious start for history's biggest initial public offering and enough to push the net worth of its founder and CEO over the trillion dollar mark. The shares opened at $150, then shot to $168.90 around 12:.50 p.m. ET. That price gave the company a market value of $2.21 trillion. Musk, who also is a major shareholder and CEO of Tesla, is now worth an estimated $1.1 trillion, according to Forbes. Musk says SpaceX, founded in 2002, is going public now because it needs money to fund its ambitions of putting satellites and data centers in space and eventually establishing a colony of people on Mars. He earlier marked the opening of trading on Nasdaq, where the company' shares are trading under the symbol “SPCX,” by joining a ceremonial bell ringing from Starbase, the South Texas home of SpaceX. He reiterated his lofty goals “to make life multiplanetary.” “Not just a few astronauts, I mean literally yo

Elon Musk has become the world’s first trillionaire after SpaceX’s record-breaking stock market debut. Here’s what the historic listing means and why investors are betting big on the company.

Elon Musk the world’s first trillionaire: The SpaceX IPO and the social physiognomy of oligarchy  World Socialist Web SiteShare your views on SpaceX’s stock market debut  The Guardian$1 Trillion and Counting: See How Your Net Worth Compares With Elon Musk's  The New York TimesSpaceX IPO: What Time Does SPCX Debut On The Stock Market? (Live Updates)  ForbesHow Wall Street pulled off the biggest IPO in history for SpaceX  Financial Times

SpaceX's public debut has propelled its valuation over $2 trillion, making Elon Musk the world's first trillionaire. Musk declared the IPO a launchpad for a grander vision: making space travel accessible to everyone, not just astronauts. He aims to build the commercial infrastructure for sci-fi futures, promising to take ordinary citizens to the Moon, Mars, and beyond.

SpaceX's market debut made Elon Musk a trillionaire on Friday. The company has also minted thousands of new millionaires. Jo Ling Kent reports.

SpaceX’s first day on the stock market transformed the startup into one of the world’s most-valuable public companies, handed buyers of the IPO a 19% return and turned its founder Elon Musk into the world’s first trillionaire. Ed Ludlow reports. (Source: Bloomberg)

When SpaceX stock began trading on the NASDAQ, company founder Elon Musk became the world’s first trillionaire. Many of his current and former employees also now find themselves to be multi-millionaires. NBC News’ Christine Romans reports.

NEW YORK – Shares in Elon Musk’s SpaceX closed almost 20 percent higher on their trading debut Friday after the biggest IPO in history, making the polarizing entrepreneur the world’s first trillionaire as he vowed to take humanity to Mars. The blockbuster initial public offering, which raised more than $75 billion, is expected to kick off a series of major IPOs by AI companies in the coming months. The debut on the Nasdaq exchange in New York capped weeks of investor frenzy over the rocket company turned AI and satellite conglomerate. The stock climbed as high as $176, or 31 […]...Keep on reading: Musk becomes world's first trillionaire as SpaceX shares soar

{beacon} Technology Technology   The Big Story SpaceX launches IPO, making Musk the world’s first trillionaire Elon Musk’s SpaceX made its highly anticipated stock market debut Friday morning, establishing him as the first person to ever be worth $1 trillion. © Matt Rourke, Associated Press The spacecraft and satellite communications company began trading on the...

SpaceX's debut on the Nasdaq exchange has also made it the biggest IPO in history.

Elon Musk became the world’s first trillionaire as investors bought into the moonshot AI vision in a remarkably smooth IPO.

Elon Musk’s SpaceX went public Friday, setting a new record with its stock market debut and turning the tech mogul into the world’s first trillionaire. The highly anticipated initial public offering (IPO) popped 11 percent when trading officially opened on the Nasdaq, sending the company’s valuation soaring to a massive $1.96 trillion. Here are five...

He’s now the world’s first trillionaire, after his rocket and AI company broke IPO records on its way to a $2.1tn valuationElon Musk is now the world’s first trillionaire. SpaceX’s historic debut on the stock market on Friday launched the CEO to unprecedented levels of wealth; his personal fortune now amounts to $1.1tn, an increase of more than $62bn since the previous day, according to Forbes.The rocket, satellite and AI company raised $75bn from its record-breaking initial public offering (IPO), and is now valued at $2.1tn after its first day of public trading. Continue reading...

Shares in Elon Musk's SpaceX closed almost 20% higher on their trading debut Friday after the biggest IPO in history.

SpaceX’s surge on debut makes Elon Musk world’s first trillionaire  Financial TimesSpaceX IPO: Elon Musk becomes world's first trillionaire as SpaceX shares soar on stock market debut  BBCWhy Musk Raced to Take SpaceX Public in the World’s Biggest IPO  Bloomberg.comSpaceX IPO: What Time Does SPCX Debut On The Stock Market? (Live Updates)  ForbesSpaceX’s Unlikely Journey From Far-Out Idea to $2 Trillion Juggernaut  The New York Times

Rocket and AI group’s shares jumped by nearly a fifth after raising $75bn in record initial public offering

Elon Musk has become the world’s first trillionaire thanks to his company SpaceX, which now has the biggest IPO of all time. Public trading in the company has put it's valuation at over $2tn. The eye-watering sums of money pouring into AI are also boosting other tech titans, including OpenAI and Anthropic. Both companies are expected to go public this year with nearly trillion-dollar valuations. The Guardian’s US tech editor Blake Montgomery tells Kai Wright that with these IPOs, all our financial futures are forever tied to AI’s success, and more worryingly, its possible failureWatch on YouTube Continue reading...

The company made its heavily anticipated debut on Friday, trading higher than its initial $135 IPO price.

The aerospace company’s market capitalization surged to $2.1 trillion by the end of trading.

Elon Musk saw his net worth surge as SpaceX hit the public market Friday. The biggest public offering ever was priced at $135 a share. The shares opened at $150 and jumped some more when they started trading on the Nasdaq under the symbol SPCX. The stock is up 18% nearing the close at about […]

NEW YORK — The world’s richest man just became its first trillionaire. Shares in Elon Musk’s rocket company SpaceX soared 25 percent after opening for trading at noon Friday, an auspicious start for history's biggest initial public offering and enough to push the net worth of its founder and CEO over the trillion dollar mark. The shares opened at $150, then shot to $168.90 around 12:.50 p.m. ET. That price gave the company a market value of $2.21 trillion. Musk, who also is a major shareholder and CEO of Tesla, is now worth an estimated $1.1 trillion, according to Forbes. Musk says SpaceX, founded in 2002, is going public now because it needs money to fund its ambitions of putting satellites and data centers in space and eventually establishing a colony of people on Mars. He earlier marked the opening of trading on Nasdaq, where the company' shares are trading under the symbol “SPCX,” by joining a ceremonial bell ringing from Starbase, the South Texas home of SpaceX. He reiterated his lofty goals “to make life multiplanetary.” “Not just a few astronauts, I mean literally yo

Elon Musk became the world's first trillionaire after his company SpaceX began trading publicly. SpaceX is the first of what is expected to be many major IPOs related to AI.

The jump in price turned Musk into the world's first trillionaire and sent the company's market capitalisation above $2 trillion.

The jump in price turned Musk into the world's first trillionaire and sent the company's market capitalisation above $2 trillion.

Elon Musk is now the first trillionaire, after the SpaceX IPO minted thousands of new millionaires on Nasdaq.

Elon Musk is now the world's first trillionaire after the SpaceX IPO on Friday. CBS News' Kelly O'Grady reports.

Washington DC: Tech billionaire Elon Musk became the world's first trillionaire on Friday following the blockbuster public debut of his aerospace manufacturer and space transportation company, SpaceX, which achieved a market valuation of USD 2 trillion in the largest initial public offering (IPO) in history, according to CNN.SpaceX, the aerospace company founded by Musk in 2002, made its debut on the Nasdaq after pricing 556 million shares at USD 135 each, raising approximately USD 75 billion.According to CNN, the company's shares opened at around USD 150 and climbed further during trading, reaching USD 165 - about 22 per cent above the IPO price.'The Judge & Jury Never Actually Ruled On The Merits': Elon Musk After Losing The OpenAI Lawsuit Case The surge in the stock price pushed SpaceX's valuation above USD 2 trillion, making it the sixth-largest publicly traded company in the United States by market capitalisation, behind Nvidia, Alphabet, Apple, Microsoft and Amazon.As per the calculation, if someone spent USD 1 million every hour, around the clock, it would take more than 100 years to exhaust USD 1 trillion.Musk marked the milestone by jointly ringing the Nasdaq opening bell from SpaceX headquarters in Texas.The market debut significantly boosted Musk's net worth, making him the first person in history to cross the USD 1 trillion wealth mark.CNN reported that the bulk of Musk's fortune remains tied to his holdings and stock options in SpaceX and Tesla.Elon Musk Loses Lawsuit Against OpenAI & CEO Sam Altman As California Jury Rules Claim Filed Too Late The SpaceX IPO is reported to be the largest on record, surpassing the 2019 listing of Saudi Aramco, which raised just under USD 30 billion.The USD 75 billion offering is nearly three times the size of the Saudi oil giant's market debut.According to CNN, Musk's estimated wealth now exceeds the combined fortunes of several of the world's wealthiest individuals, including Google co-founders Larry Page and Sergey Brin, Oracle founder Larry Ellison and Amazon founder Jeff Bezos.CNN reports further noted that Musk's personal fortune also surpasses the gross domestic product of several countries, including Taiwan, Ireland, Sweden, Singapore and his native South Africa.SpaceX's successful debut is also being viewed as the beginning of a new wave of major technology listings. (Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)

Elon Musk will receive 350 million Class B shares, with the strong market debut boosting his wealth making him world's first trillionaire.

Elon Musk's SpaceX had a successful IPO, but the fundamentals of the stock haven't changed.

Elon Musk became the first trillionaire on Friday as his company SpaceX opened the biggest IPO in the world's history. Here's how his wealth compares with other tech CEOs

The economic principles taught in school aren’t as relevant as hype, connections and total, arbitrary controlElon Musk is now the world’s first trillionaire, after his SpaceX exploration and satellite company went public on the Nasdaq on Friday.With shares priced at $135 each, Musk’s aerospace and satellite maker soared to an overall market valuation of approximately $1.77tn – which raised Musk’s net worth (which had already hovered at the astronomical $813bn) into the $1tn stratosphere. Continue reading...

Elon Musk's SpaceX company has floated on the Nasdaq stock exchange, with shares climbing more than 25% above the opening price. This makes Musk the world's first paper trillionaire, at least by market capitalization.

Shares of SpaceX soared 23% in their Wall Street debut on Friday, making the rocket maker’s CEO Elon Musk the first-ever trillionaire.

NEW YORK, United States (AFP) — Shares in Elon Musk's SpaceX jumped more than 20 per cent on their trading debut Friday after the biggest IPO in history, making the polarising entrepreneur the world's first trillionaire as he vowed to take humanity to Mars. The blockbuster initial public offering, which raised more than $75 billion, is expected to kick off a series of major IPOs by AI companies in the coming months. The debut on the Nasdaq exchange in New York capped weeks of investor frenzy over the rocket company turned AI and satellite conglomerate. "SpaceX wants to be able to take you to the Moon, take you to Mars, and ultimately beyond," Musk said at a launch event in Starbase, Texas, surrounded by staff, many of whom became multi-millionaires with the launch of trading. "I'm confident at this point that with the incredible team that we have here at SpaceX, that we will do that for you," Musk added. About 100 people assembled outside the Nasdaq's home in New York, where SpaceX also marked the occasion with a neon sign in Times Square. Musk "sets very futuristic goals that no one else is doing, and I think that has got a lot of people excited," said Sarin Sio, of financial company Dovetail, who had come to the Nasdaq headquarters. The company priced more than 555 million shares at $135 each in a Thursday filing with the US markets regulator, valuing SpaceX at just under $1.8 trillion. But less than an hour after trading began, the price was up more than 23 per cent to $166. Friday's gain lifted SpaceX's market value to around $2 trillion, placing it among the 10 most valuable American companies -- ahead of Tesla, Facebook-owner Meta and Walmart. Options for nearly 83 million additional shares could push the total raised above $86 billion. Co-founded by Musk in 2002, the rocket startup has since expanded into a major satellite operator and has also folded in Musk's artificial intelligence company -- xAI -- which includes the social media platform X. Trading under the ticker symbol "SPCX," the conglomerate is being closely watched for how Wall Street absorbs the offering and what it will mean for its AI rivals looking to trade on the public markets as early as this year. OpenAI and Anthropic both recently filing initial documents with regulators. Friday's IPO comes just over a year after Musk left President Donald Trump's administration, following a months-long stint leading the highly contentious "DOGE" effort to slash government spending -- while simultaneously juggling his CEO roles at Tesla and SpaceX. Musk's backing of Trump and right-wing populists in Europe -- and a long list of incendiary comments on X -- has seen the entrepreneur go from a broadly admired prodigy to a deeply polarizing figure. The record IPO is nonetheless a testament to Musk's continued support among investors, with Bloomberg reporting that the offering was more than four times oversubscribed. Demand among retail investors -- for whom 20 per cent of shares were reserved -- was also reported to be high. - New millionaires - The IPO is expected to mint thousands of new millionaires and several billionaires, with former and current employees -- and a long list of investors -- from the company's near quarter-century history looking to cash in. The valuation largely depends on Musk delivering on promises worthy of science fiction, including putting data centers in space and humans on Mars using as-yet unproven technology. A lot also hangs on a huge expansion of SpaceX's Starlink satellite internet service as well as the success of xAI, the maker of the Grok chatbot and Musk's rival to OpenAI and Anthropic that has yet to gain traction. In an effort to shore up its books, SpaceX is renting out its AI computing capacity to Anthropic and Google through short-term deals worth billions of dollars. While SpaceX is growing quickly -- revenue hit $18.7 billion in 2025 -- it is also losing money, producing a net loss of $4.9 billion, mainly on spending to build AI capacity. In an extraordinary prediction, SpaceX's filing claims it can pull in more than $28.5 trillion in revenue from its various markets. The milestone makes Musk by far the world's richest person -- an achievement that earned criticism from some quarters. "The world will get its first trillionaire while Americans across the country are scraping together every dollar to save for retirement," said Democratic Senator Elizabeth Warren.

Made Elon Musk world's first trillionaire.

Shares of SpaceX soared 23% in their Wall Street debut on Friday, making the rocket maker's CEO Elon Musk the first-ever trillionaire.

The blockbuster operation, which raised more than $75 billion, is expected to kick off a series of major IPOs by AI companies in the coming months

SpaceX raised $75 billion on Thursday in the largest IPO ever after offing more than 555 million shares at $135 a piece, valuing the company at over $1.7 trillion.

Elon Musk’s SpaceX made its highly anticipated stock market debut Friday morning, establishing him as the first person to ever be worth $1 trillion. The spacecraft and satellite communications company began trading on the Nasdaq with shares opening at $150, about 11 percent above the initial public offering (IPO) price of $135. It is the...

Elon Musk is officially the world’s first trillionaire after his SpaceX tech company debuted Friday at $150/share, 11% higher than the company’s IPO pricing. SpaceX — rocket manufacturer, satellite internet service provider, AI firm and owner of X (aka Twitter) all rolled into one — had already officially set a record for the biggest IPO […]

Elon Musk became the world’s first trillionaire in the blockbuster debut.

Elon Musk's SpaceX began trading as "SPCX" on Friday after completing the largest initial public offering in history. The IPO launch has made SpaceX's CEO, already the world's richest person, a trillionaire. Asset TV's Kristin Myers joins CBS News with her take.

Shares of SpaceX opened at $150 each on their first day of trading in the company's landmark initial public offering – making founder Elon Musk the world's first trillionaire.  Some 555.6 million shares of SpaceX – which operates a rocket, satellite internet and artificial-intelligence businesses – were sold of the in the hotly anticipated IPO

The landmark listing cemented Musk's status as the first trillionaire and propelled SpaceX into ranks of most valuable.

If he becomes a trillionaire, Elon Musk would have more wealth than we can fathom—and more than we can imagine spending.

An anonymous reader quotes a report from 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, 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. While admirers view Musk's no-filter style as part of his appeal, critics have accused him of wielding oligarch-like power, raised concerns about governance at his companies and objected to his increasingly partisan political interventions. Still, SpaceX, the sprawling rocket, satellite and AI company that together with electric-car maker Tesla form the center of Musk's empire, raised a record $75 billion in its initial public offering on Thursday, highlighting investor enthusiasm for his business ventures. Prior to the share sale, Forbes pegged his net worth at roughly $780 billion, far ahead of the man next in line, Alphabet co-founder Larry Page. "The second richest person has been hovering around $300 billion, so about less than one-third of what Musk can potentially be worth tomorrow," said Matt Durot, deputy editor at Forbes Wealth. "And only one other person, (Oracle founder) Larry Ellison, has ever been worth $400 billion." Most of Musk's wealth now rests with SpaceX, where he holds a stake worth roughly $866 billion. Along with Tesla and the rest of his properties, his net worth will exceed $1.1 trillion when the stock begins trading Friday, according to Forbes and Reuters calculations based on company filings. Read more of this story at Slashdot.

Elon Musk's SpaceX went public Friday morning in the largest initial public offering in history that is expected to make him the world's first trillionaire. The post SpaceX Expected to Be Worth $1.77T as Elon Musk’s Company Goes Public in the Largest IPO in History first appeared on Mediaite.

The $75 billion SpaceX IPO lifted Elon Musk's net worth above $1.1 trillion, highlighting investor confidence in his empire spanning electric vehicles, space technology, artificial intelligence and social media.

SpaceX IPO: Company to debut on stock exchange, setting Elon Musk on course to $1tn - follow live  BBCAfter SpaceX’s huge IPO, Americans’ financial future will be bound to AI  The GuardianSpaceX IPO: What Time Does SPCX Debut On The Stock Market? (Live Updates)  ForbesSpaceX’s Record IPO Is Said to Draw Over $350 Billion in Demand  Bloomberg.comBreaking: Elon Musk set to become world's first trillionaire as SpaceX lists on US stock market  Australian Broadcasting Corporation

Elon Musk is on the verge of becoming the world's first trillionaire after SpaceX's blockbuster initial public offering valued the aerospace giant at $1.8 trillion.

Elon Musk's SpaceX will soon be a publicly traded company, and Americans are weighing the risk of investing in the revolutionary company. Puck's William Cohan joins CBS News with more insight.

Elon Musk on Friday will set the stage to become the world's first trillionaire as his SpaceX IPO is expected to be the biggest in history.

Elon Musk has become the first person in history to achieve a net worth exceeding $1 trillion after SpaceX completed the largest initial public offering ever seen on global markets.

It might also make Musk the world's first trillionaire

By Manya Saini and Niket Nishant 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 […]

World’s biggest IPO: Elon Musk wants to raise $75bn for SpaceX, making him Earth’s first trillionaire, as Rainer Zitelmann explains in an opinion piece for Euronews how it came about and what happens next.

Elon Musk is now worth more than $1 trillion. The SpaceX IPO, which priced 555.6 million shares at $135 each on 12 June, valued the company at roughly $1.77 trillion and pushed Musk past a threshold no individual has ever crossed. His SpaceX stake alone is worth an estimated $866.5 billion, according to the updated IPO prospectus. […] This story continues at The Next Web

SpaceX has made history with the biggest-ever IPO, sending it into the top ranks of the largest public companies and putting founder Elon Musk on the verge of becoming the world’s first trillionaire. The company raised $75 billion in the IPO, ahead of its listing on the Nasdaq and Nasdaq Texas Friday on Friday. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)

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 for...

SpaceX’ $1.77-trillion valuation has cemented Musk’s status as the first trillionaire ever and placed the company in the ranks of the world’s most valuable companies

On SpaceX Day, Elon Musk stands on the brink of becoming the world's first trillionaire as the company makes waves in the public markets. This article explores the implications of SpaceX's IPO, market reactions, and the challenges posed by global economic factors.

Musk, the wealthiest person alive, is set to get even richer.

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.

If SpaceX shares rise to $138.50 when trading begins, while Tesla's stock remains steady, Musk could officially cross the $1 trillion mark.

SpaceX's record $75-billion IPO has pushed South African-born entrepreneur Elon Musk's fortune past $1.1-trillion.

SpaceX, the sprawling rocket, satellite and AI company that together with electric-car maker Tesla form the centre of Musk's empire, raised a record $75 billion in its initial public offering on Thursday, highlighting investor enthusiasm for his business ventures.

Elon Musk, already the world's richest man, is set to become a lot richer thanks to SpaceX's blockbuster IPO.

SpaceX raises record $75b in IPO, pushing Musk's net worth past $1.1 trillion when trading begins Friday

Elon Musk became a household name through Tesla and SpaceX before expanding his influence with the $44-billion acquisition of social media platform Twitter in 2022.

SpaceX is set to go public on Friday in what's expected to be the largest IPO in history, a move that could make Elon Musk a trillionaire and create thousands of new millionaires inside the company. Jo Ling Kent reports.

SpaceX’s record-breaking IPO highlights the extraordinary investor confidence in Musk’s vision, even as debates grow over governance, valuation, and political influence

SpaceX’s IPO, set to be the largest ever, would also propel Musk to become the world’s first trillionaire.

The stock listing could make SpaceX founder Elon Musk a trillionaire.

Elon Musk may soon become the world's first trillionaire. This is due to the upcoming initial public offering of his company SpaceX. The IPO is expected to be the largest in history. If valuations hold true, Musk's personal fortune could surge past the trillion-dollar mark. This event could reshape global wealth rankings and create new millionaires.

Elon Musk may soon become the world's first trillionaire. This is due to the upcoming initial public offering of his company SpaceX. The IPO is expected to be the largest in history. If valuations hold true, Musk's personal fortune could surge past the trillion-dollar mark. This event could reshape global wealth rankings and create new millionaires.

While Elon Musk may soon become a trillionaire, his rocket company’s market debut is set to the change the lives of its current and former employees, too.

Based on SpaceX's updated IPO prospectus, Elon Musk owns shares in the company worth over $866 billion.

In mid-February, Musk said his net worth was almost entirely tied up in Tesla and SpaceX shares, and that less than 0.1% of his fortune was in cash.

Forbes said in early April that SpaceX’s market debut, expected around June 12, would 'all but guarantee' Elon Musk's net worth rising above US$1 trillion.