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Musk named world's first trillionaire after SpaceX market debut
The Guardian
|June 13, 2026
Elon Musk became the world’s first trillionaire yesterday after SpaceX made the biggest stock market debut in history.
Public trading began around midday with a starting share price of $150, which quickly jumped by a double digit percentage and sent the company’s valuation above $2tn (£1.5tn).
“It is certainly hard to believe that a little company that started in a warehouse in El Segundo is now going public with the largest IPO ever,” Musk said in an address at SpaceX’s headquarters.
He reiterated the company’s mission to “make humanity multi-planetary” and “take the fiction out of science fiction”.
Executives rang the bell to open trading as Elton John’s Rocket Man played at the Nasdaq exchange in New York.
“Today, we make history again. We have a history of making history,” said SpaceX’s president, Gwynne Shotwell, from the exchange building.
Musk, who founded SpaceX in 2002, owes his newfound trillionaire status to his large stake as majority shareholder. He is also chief executive of Tesla, the $1.5tn-valued electric vehicle maker, where his holdings contribute a further $280bn towards his fortune.
Dit verhaal komt uit de June 13, 2026-editie van The Guardian.
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