{"id":1810,"date":"2026-06-12T15:07:27","date_gmt":"2026-06-12T15:07:27","guid":{"rendered":"https:\/\/homebuyerrelocation.com\/?p=1810"},"modified":"2026-06-12T15:07:27","modified_gmt":"2026-06-12T15:07:27","slug":"musk-becomes-worlds-first-trillionaire-at-least-on-paper-as-spacex-begins-trading","status":"publish","type":"post","link":"https:\/\/homebuyerrelocation.com\/?p=1810","title":{"rendered":"Musk becomes world\u2019s first trillionaire, at least on paper, as SpaceX begins trading"},"content":{"rendered":"
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Elon Musk crossed the threshold to become the world\u2019s first trillionaire Friday \u2014 at least on paper \u2014 after SpaceX priced its initial public offering at $135 a share, pushing his net worth to just over $1 trillion.<\/p>\n

Read more Trump scolds Iran over state media claims around peace deal<\/a><\/p>\n

The shares, trading under the ticker symbol \u201cSPCX\u201d on the Nasdaq, began trading Friday morning. Mr. Musk\u2019s fortune could climb further if the stock rises above its IPO price, though he could fall below the trillionaire threshold if shares decline.<\/p>\n

Before the offering, Mr. Musk was worth an estimated $813 billion \u2014 more than twice the fortune of the world\u2019s second-richest person, Google co-founder Larry Page, who is estimated to be worth $288 billion, according to Forbes.<\/p>\n

Mr. Musk owns 4.8 billion SpaceX shares, or roughly 42% of the company, along with 350 million stock options exercisable at $8.39 per share, according to the company\u2019s IPO filing with the SEC. At $135 a share, his stake is worth $648 billion, with the options adding another $44.3 billion to his net worth.<\/p>\n

Mr. Musk\u2019s paper fortune rivals the annual economic output of most of the world\u2019s nations. Only 19 countries have GDPs exceeding $1 trillion, ranging from the United States to the Netherlands, according to World Bank data.<\/p>\n

The IPO is also expected to create significant wealth beyond Mr. Musk. About 4,400 SpaceX employees could become millionaires when the stock begins trading, the New York Times reported.<\/p>\n

Read more David Hockney, iconic British artist known for his colorful landscapes and pool scenes, dies at 88<\/a><\/p>\n

Oxfam America senior director of economic justice Nabil Ahmed called the milestone a sign of deepening inequality.<\/p>\n

\u201cElon Musk\u2019s rise to trillionaire status marks a new pinnacle of oligarchy,\u201d Mr. Ahmed said in a statement.<\/p>\n

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\n This article was constructed with the assistance of artificial intelligence and published by a member of The Washington Times’ AI News Desk team. The contents of this report are based solely on The Washington Times’ original reporting, wire services, and\/or other sources cited within the report. For more information, please read our AI policy or contact Steve Fink, Director of Artificial Intelligence, at sfink@washingtontimes.com
\n<\/em><\/p>\n


\n The Washington Times AI Ethics Newsroom Committee can be reached at aispotlight@washingtontimes.com.
\n <\/em><\/p>\n

Read more Pentagon releases third batch of formerly classified UFO documents<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n

<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Elon Musk crossed the threshold to become the world’s first trillionaire Friday — at least on paper — after SpaceX priced its initial public offering at $135 a share, pushing his net worth to just over $1 trillion.<\/p>\n","protected":false},"author":1,"featured_media":1809,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,131],"tags":[],"class_list":["post-1810","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-spotlight"],"yoast_head":"\nMusk becomes world\u2019s first trillionaire, at least on paper, as SpaceX begins trading - Home Buyer Relocation<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/homebuyerrelocation.com\/?p=1810\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Musk becomes world\u2019s first trillionaire, at least on paper, as SpaceX begins trading - 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