Elon Musk is on course to become the world's first trillionaire after a planned stock market listing of SpaceX in the United States in June 2026, according to new figures from Forbes that put the Tesla and Starlink boss's net worth at about $835 billion as of 1 June.
Forbes published its June ranking of the world's richest people, showing how a buoyant US stock market has supercharged the fortunes of a small group of mostly American tech tycoons. The S&P 500 rose 5% in May and the Nasdaq 8%, lifting the combined wealth of the top 10 billionaires by $220 billion in a single month to a total of $2.9 trillion.
