Story perspectives

Musk Hits Trillion-Dollar Net Worth After $75B SpaceX IPO

6/18/2026

Summary

Story summary

Elon Musk became the trillion-dollar billionaire after SpaceX’s June 12, 2026 IPO, which sold 555.6 million shares at $135 and raised $75 billion.
The stock rose 19 % on day one and 19.5 % on day two, pushing market value to $2.77 trillion.
Musk’s 4.8 billion-share, 38 % stake rose to $866 billion, lifting his net worth to $1.3-$1.4 trillion.
SpaceX announced a $60 billion purchase of Anysphere, parent of coding platform Cursor, despite analyst Michael Burry questioning the valuation.

History

Historical Context

SpaceX’s first privately funded liquid-fuel rocket, Falcon 1, reached orbit on 28 September 2008, after a $1 billion decade of private capital and roughly $400 million in NASA contracts. The company’s growth—from 160 staff in 2005 to thousands—set the stage for a 2026 public offering, prompting rival Blue Origin to explore a similar listing.

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Story summary

Elon Musk became the trillion-dollar billionaire after SpaceX’s June 12, 2026 IPO, which sold 555.6 million shares at $135 and raised $75 billion.
The stock rose 19 % on day one and 19.5 % on day two, pushing market value to $2.77 trillion.
Musk’s 4.8 billion-share, 38 % stake rose to $866 billion, lifting his net worth to $1.3-$1.4 trillion.
SpaceX announced a $60 billion purchase of Anysphere, parent of coding platform Cursor, despite analyst Michael Burry questioning the valuation.

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