{"id":164,"date":"2026-06-12T18:40:24","date_gmt":"2026-06-12T18:40:24","guid":{"rendered":"https:\/\/businessmovingservicess.com\/?p=164"},"modified":"2026-06-12T18:40:24","modified_gmt":"2026-06-12T18:40:24","slug":"elon-musk-becomes-worlds-first-trillionaire-after-spacex-ipo-opens-on-wall-street","status":"publish","type":"post","link":"https:\/\/businessmovingservicess.com\/?p=164","title":{"rendered":"Elon Musk Becomes World\u2019s First Trillionaire After SpaceX IPO Opens on Wall Street"},"content":{"rendered":"<div>\n<!-- do not apply CSS styles to this element! --><\/p>\n<div>\n<p>\nElon Musk is poised to become the world\u2019s first trillionaire as SpaceX\u2019s IPO opened on Wall Street with a higher-than-anticipated share price.<\/p>\n<p>Read more <a href=\"https:\/\/businessmovingservicess.com\/?p=162\">The Truth of Karmelo Anthony\u2019s Case Is Lost in a Sea of Racist AI Slop<\/a><\/p>\n<p>\n\tSpaceX\u2019s soaring stock price \u2014 $169 at press time after opening at $150 \u2014 helped propel its CEO, already the world\u2019s richest man, to a net worth of over $1.1 trillion, <em>Forbes<\/em> reports. Per the report, Musk is worth about $813 billion prior to the SpaceX IPO, almost three times more than the world\u2019s second-richest person, Google\u2019s Larry Page.<\/p>\n<p>\n\tMusk owns 42 percent of the company\u2019s shares which, at its current stock price, translates to over $640 billion. It\u2019s possible that, if SpaceX\u2019s price goes down, Musk would become the world\u2019s first <em>former<\/em> trillionaire, but at its current price, Musk is richer than 46 percent of the world\u2019s population (roughly 3.8 billion people) combined, Oxfam America said in a response to Musk hitting 13-digit wealth.<\/p>\n<p>Read more <a href=\"https:\/\/businessmovingservicess.com\/?p=160\">The Iceman\u2019s Survivors: A Serial Killer\u2019s Children Speak<\/a><\/p>\n<p>\n\tMusk isn\u2019t the only one enjoying the SpaceX IPO windfall: According to <em>The<\/em> <em>New York Times<\/em>, about 4,400 employees of the rocket company \u2014 from the C-suite level to cafeteria workers \u2014 instantly became millionaires Friday thanks to stock options built into their employment contracts.<\/p>\n<div>\n<div>\n<div>\n<\/div>\n<\/div>\n<\/div>\n<p>\n\tHowever, SpaceX\u2019s goals might be harder to achieve than becoming a trillionaire, as Musk told traders Friday that his hope is \u201cto make life multi-planetary.\u201d \u201cNot just a few astronauts, I mean literally you,\u201d Musk said from Texas\u2019 Starbase during a ceremonial NASDAQ bell-ringing. \u201cWhoever you are watching this, SpaceX wants to be able to take you to the moon, take you to Mars and ultimately beyond.\u201d<\/p>\n<p>Read more <a href=\"https:\/\/businessmovingservicess.com\/?p=158\">The Only Constant of the Iran War Is Trump Saying It\u2019s About to End<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk is poised to become the world\u2019s first trillionaire as SpaceX\u2019s IPO opened on Wall Street with a higher-than-anticipated share price.<\/p>\n","protected":false},"author":1,"featured_media":163,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59],"tags":[],"class_list":["post-164","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-13-digits"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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