{"id":2456750,"date":"2026-06-12T18:45:02","date_gmt":"2026-06-12T18:45:02","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=2456750"},"modified":"2026-06-12T18:45:02","modified_gmt":"2026-06-12T18:45:02","slug":"elon-musk-becomes-trillionaire-after-spacex-hits-stock-market","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/elon-musk-becomes-trillionaire-after-spacex-hits-stock-market\/","title":{"rendered":"Elon Musk Becomes Trillionaire After SpaceX Hits Stock Market"},"content":{"rendered":"

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Elon Musk<\/strong><\/a> just became the world\u2019s first-ever trillionaire.<\/p>\n

The accomplishment came on Friday, June 12, moments after Musk\u2019s company SpaceX hit the stock market. Shares for the aerospace brand were initially listed at $135 but began trading at $150 instead.<\/p>\n

SpaceX\u2019s stock increased after trading began. The value rose to $168.75 a share and was then traded at $158 a share. It rebounded again and reached $176.52. SpaceX raised $75 billion which valued the company around a record $1.77 trillion total.<\/p>\n

From that, Musk, 54, earned an estimated $690 billion. In addition to his stake in SpaceX, the tech founder has the value of Tesla, as well as other investments and assets. His net worth is now estimated around $1.1 trillion.<\/p>\n

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\n Related: <\/span>Celebrities Who Are Billionaires: Beyonce, Rihanna, Jay-Z and More<\/span><\/a>
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\n\t\t\tThough many celebrities are very, very rich, only a handful have actually achieved billionaire status. The 10-figure club is mostly populated by entrepreneurs and business magnates \u2014 people including Elon Musk, Bill Gates and Jeff Bezos. Celebrities who breathe that rarefied air have usually diversified their portfolios to include all kinds of partnerships, investments and [\u2026]\t\t<\/p>\n<\/div>\n

\u201cLet me tell you, if people had told me that this was gonna happen, I was like, \u2018Man you must be smoking some really good crack because I think this company is going to fail.\u2019 I gave SpaceX less than a 10 percent chance of succeeding at all to be clear,\u201d Musk said while attending the trading ceremony. \u201cIn fact, I told people we\u2019re probably gonna fail but [we] should give it a try because if there\u2019s not a new company that enters space we will never be a truly space bearing civilization.\u201d<\/p>\n

Musk founded SpaceX in 2002 with the hopes of decreasing the costs of space launches and traveling to Mars to establish a potential self-sustaining colony.<\/p>\n

The businessman added on Friday that he was inspired to create SpaceX to \u201cmake the exciting science fiction futures that we\u2019ve read about real.\u201d<\/p>\n

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