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Elon Musk Becomes First Trillionaire After SpaceX Offering

6/21/2026

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Summary

Story summary

Elon Musk became the world’s first trillionaire after SpaceX’s share offering.
ProPublica reported Musk paid $455 million in taxes, including $68,000 in 2015, $65,000 in 2017, and none in 2018.
President Barack Obama cut the richest 1%’s post-tax income share by just over a fifth.
President Donald Trump’s 2017 tax cuts lifted the richest 1% share to 13.2% by the end of his term.

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Story summary

Elon Musk became the world’s first trillionaire after SpaceX’s share offering.
ProPublica reported Musk paid $455 million in taxes, including $68,000 in 2015, $65,000 in 2017, and none in 2018.
President Barack Obama cut the richest 1%’s post-tax income share by just over a fifth.
President Donald Trump’s 2017 tax cuts lifted the richest 1% share to 13.2% by the end of his term.