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2026-06-13
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  • The Verge4
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  • The Guardian1
  • Bloomberg1

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The SpaceX IPO made Musk a trillionaire. The old rules of capitalism no longer apply | Robert Reich

The economic principles taught in school aren’t as relevant as hype, connections and total, arbitrary control Share your views on SpaceX’s stock market debut Elon 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...

The Guardian·

The world’s first trillionaire is a killer

Hm! | Photo: Kristen Radtke / The Verge; Getty Images Elon Musk's SpaceX IPO will probably make him the richest person to ever walk the planet. And while his mountain of horrible personal conduct could fill multiple books, one fact in particular stands out: A year ago, Musk's actions directly led to the deaths of hundreds of thousands of people. He did it knowingly. And, worse - gleefully. This is not a serious person, but his abuse of the world is deadly serious. In the first months of President Donald Trump's second term, the Musk-led Department of Government Efficiency (DOGE) destroyed the US Agency for International Development, whose mission was a boon to public health around the globe. M … Read the full story at The Verge.

The Verge·

A trillion dollars is a stupid amount of money

Elon Musk is now officially the world's first trillionaire. That is a colossal amount of wealth (and by proxy, power) for one individual to have. Its scale - a thousand times more than a billion - is difficult to fathom for those of us who aren't among the 3,363 billionaires that currently exist in our world. But let's try to comprehend it anyway. The most frequently cited comparison is time. If you were to count out a million seconds, it would take you 11 and a half days. A billion seconds would take you 31.7 years. But a trillion seconds would take 31,700 years - to reach that point today, you would have needed to start counting in the Pa … Read the full story at The Verge.

The Verge·

Elon Musk is the worlds first trillionaire

Elon Musk's net worth has passed the trillion-dollar mark after SpaceX's IPO. His net worth, which was hovering around $800 billion before the IPO, includes the value of his 4.8 billion shares in SpaceX, along with his wealth from his other companies, like Tesla. Shares of SPCX opened at $150 and have remained well above the $138 benchmark that gives Musk a 13-figure net worth. SpaceX combined Musk's rocket, AI, and social media platforms earlier this year, and said in its S-1 that its goal is to "build the systems and technologies necessary to make life multiplanetary, to understand the true nature of the universe, and to extend the light … Read the full story at The Verge.

The Verge·

SpaceX’s massive IPO: all the latest news

SpaceX’s IPO on Friday allows the public to buy shares of the combined rocket, AI, and social media company for the first time, and raised enough money to make Elon Musk the first trillionaire. He has more wealth, on paper at least, than the economies of nations like Ireland, Sweden, or his home country of South Africa (CNN cites the International Monetary Fund saying only 20 countries have economies larger than $1.1 trillion), now linked to the promise of a business based on launching AI datacenters into space. Follow along here for the latest updates. The world’s first trillionaire is a killer Forbes Real-Time Billionaires list adds a trillionaire. A trillion dollars is a stupid amount of money Elon Musk is the world’s first trillionaire SPCX opens at $150 per share. SpaceX is now public Elon Musk is encouraging race riots on the eve of SpaceX’s IPO Here’s the first SpaceX AI data center. The SpaceX IPO is great for Elon Musk and terrible for you SpaceX gets $4 billion contract to build missile-tracking ‘Golden Dome’ satellites In SpaceX’s IPO, Elon Musk is the risk factor SpaceX just filed for what could be the biggest IPO ever The SpaceX IPO is a trillion-dollar gamble on the future of space SpaceX reportedly files for IPO but it’s keeping the numbers secret (for now) Why is SpaceX going public?

The Verge·