Elon Musk became the world's first trillionaire this week after SpaceX completed the largest IPO in history, yet the fortune he built was seeded, sustained and repeatedly rescued by the same federal government he spent the past year dismantling.
On 12 June 2026, Space Exploration Technologies Corp. began trading on the Nasdaq under the ticker SPCX, raising £55.3 billion ($75 billion) at a valuation of £1.31 trillion ($1.77 trillion), surpassing Saudi Aramco's 2019 listing to become the biggest share sale ever recorded. Musk's approximately 38 percent stake pushed his net worth past £813 billion ($1.1 trillion), according to the Bloomberg Billionaires Index.
