Elon Musk has become the first person to cross the trillionaire threshold, at least on paper, after SpaceX priced its blockbuster initial public offering at $135 a share and its stock soared in its stock market debut. Before the IPO, Musk was worth an estimated $813 billion, a fortune more than twice as large as the planet’s second-richest person, Google co-founder Larry Page, who is worth an estimated $288 billion, according to Forbes. “SpaceX wants to be able to take you to the Moon, take you to Mars and ultimately beyond,” Musk said at a launch event with staffers on Friday at the company’s headquarters in Starbase, Texas.
SpaceX formally setting its stock price at $135 boosted Musk’s fortune to just over $1 trillion. The shares, which trade under the ticker symbol SPCX, jumped after they began trading shortly before noon ET. At its closing price of $160.95 on Friday, Musk’s net worth reached roughly $1.14 trillion, although future declines could push him back below the trillionaire mark. While billionaire wealth alone may be hard enough to comprehend, a trillionaire represents a level of wealth that rivals the economic output of the world’s biggest nations. Only 19 countries have GDPs that surpass $1 trillion, ranging from the U.S. to the Netherlands, according to World Bank data.
Musk’s surging fortune represents a “new Gilded Age” of wealth inequality, Oxfam America senior director of economic justice Nabil Ahmed said in a statement. “Elon Musk’s rise to trillionaire status marks a new pinnacle of oligarchy,” Ahmed said. To be sure, plenty of other SpaceX employees and investors are likely to mint new fortunes with the IPO. About 4,400 SpaceX workers could become millionaires when the stock begins trading, according to the New York Times. But Musk is likely to be the biggest beneficiary, given his large stake in the business. Trillionaire math Musk owns 4.8 billion shares of SpaceX, or about 42% of the company, as well as 350 million stock options exercisable at $8.39 per share, according to the company’s IPO filing.
At $135 a share, Musk’s stake is worth $648 billion. His options add another $44.3 billion to his net worth. Because Forbes valued Musk’s pre-IPO stake in SpaceX at $500 billion, the IPO sale boosts the value of his SpaceX shares by an additional $192.3 billion, bringing his total net worth to $1.005 trillion. SpaceX shares touched as high as $168.75 in Friday afternoon trading before closing at $160.95. At the closing price, Musk’s stake in SpaceX is worth an additional $326 billion, placing his total wealth at roughly $1.14 billion.
Source: Elon Musk becomes the world’s first trillionaire with SpaceX’s IPO – CBS News
Render therefore to all their due: taxes to whom taxes are due, customs to whom customs, fear to whom fear, honor to whom honor.
Romans 13:7
The Importance of a Dad’s Faith in Family Leadership
Before a dad can effectively lead his family, he must first learn to follow God himself. A Dad’s walk with the Lord becomes the foundation upon which his family builds…
Keep reading
Ford recalls more than 250,000 Focus models due to engine stall risk
Ford is recalling more than 250,000 vehicles that were incorrectly repaired under a previous recall meant to fix a problem that caused the engine to stall while driving, according to…
Keep reading
Stellantis recalls more than 1 million Jeeps in U.S. that could catch fire even when turned off, feds say
Chrysler’s parent company, Stellantis, says it’s recalling almost 1.08 million Jeep Wranglers and Gladiators in the U.S. due to a potential fire hazard. The company notified the National Highway Traffic…
Keep reading
What is the Pentateuch?
At times, another person’s insight can help us see God’s Word in a fresh and meaningful way. In this article, we share content designed to encourage your faith, deepen your…
Keep reading
Target voluntarily recalling 2 types of baby wipes over contamination concerns
Target is voluntarily recalling two types of baby wipes due to concerns that the products may be contaminated with bacteria that may cause “serious and life-threatening infections,” the U.S. Food…
Keep reading
Organic formula brand issues recall after 3 babies diagnosed with infant botulism
An organic baby formula is being voluntarily recalled after three infants who were fed the product were hospitalized with infant botulism, according to a notice from the Food and Drug…
Keep reading
Finding Refuge in God’s Word: Strength for a Shifting World
In a world full of confusion, compromise, and constant noise, God calls His people to stand firm in truth. He reminds us that when everything around us feels unstable, His…
Keep reading
Guarding Words, Thoughts, And Influence; Podcast Episode 4
Pip: Drink of Jesus is out here asking the hard questions — not about theology degrees or church attendance, but about the words coming out of your mouth, the thoughts…
Keep reading
When Silence Protects the Wrong
One of the deepest forms of church hurt happens when abuse, misconduct, or harmful behavior is ignored, minimized, or covered up—especially when trusted leaders or respected members are involved. The…
Keep reading
The Gospel Still Works in a Changing World
This is a great message we found from biblehub.com and wanted to share the message with you. Every age feels unstable in its own way. Ours moves fast, argues loudly,…
Keep reading
Illinois leading U.S. in tornadoes with 140 so far in 2026
Thursday night’s tornado outbreak in the Chicago area continues a concerning trend of increasing tornado frequency in the Upper Midwest. With 140 tornadoes so far this year, Illinois leads the…
Keep reading
National Weather Service confirms multiple tornadoes with Streator, Merrillville among hardest hit areas
Residents across Illinois and Indiana are cleaning up from severe damage after destructive tornadoes and severe storms hit on Thursday night. As of Friday evening, the National Weather Service has confirmed…
Keep reading
Elon Musk becomes the world’s first trillionaire with SpaceX’s IPO
Elon Musk has become the first person to cross the trillionaire threshold, at least on paper, after SpaceX priced its blockbuster initial public offering at $135 a share and its stock soared…
Keep reading
San Francisco museum exhibit highlights lowrider culture, draws in car enthusiasts
Lowrider culture took center stage at San Francisco’s de Young Museum as community members gathered to celebrate the cultural movement’s contributions to the Bay Area alongside artist Rose B. Simpson’s…
Keep reading
Trump says U.S. killed Tren de Aragua leader in airstrike in Venezuela
The U.S. military has killed the alleged leader of Venezuela-based gang Tren de Aragua, President Trump announced Friday. The president said on Truth Social that U.S. Southern Command carried out…
Keep reading
Severe thunderstorm knocks down trees, power lines in Annapolis
A single severe thunderstorm moved through central Anne Arundel County during the 8 o’clock hour Friday evening. Winds were measured at greater than 60 MPH in and around Parole, into…
Keep reading
San Francisco Zoo welcomes first penguin chicks in three years
The San Francisco Zoo recently welcomed three Magellanic penguin chicks, the first successful hatching of these South American birds at the zoo in three years. The zoo said in a…
Keep reading
Finding Strength in God: Your Safe Haven
You don’t have to carry this alone, He is your safe place and your help in every moment of need. Bible Verse:God is our Refuge and Strength [mighty and impenetrable…
Keep reading
Longleat keepers ‘excited’ to care for trio of maned wolves
Keepers at a safari park say they are excited to care for a trio of maned wolves. The new additions at Longleat Estate, Wiltshire, are the first of their species…
Keep reading
Four days of extreme rain killed 7% of world’s rarest orangutans, study says
Four days of extreme rain and landslides in the Indonesian island of Sumatra have pushed the world’s most endangered great apes even closer to extinction, says a study. Research suggests…
Keep reading
Seize Today’s Opportunities for Christ
This moment in history is not meaningless, it is merciful. Every sunrise is another opportunity for salvation and surrender. “ And this gospel of the kingdom will be proclaimed throughout…
Keep reading
City officials consider all options to reduce deer population in Beverly Hills, Michigan
Deterrents, deer hunting or trapping, and even deer birth control are among the options city officials are considering to lower the deer population in Beverly Hills. “First and foremost problem…
Keep reading
5 police officers shot dead in cartel-plagued part of Mexico as World Cup kicks off
Five Mexican police officers were shot dead and five others wounded Wednesday in violence-hit Michoacan state on the eve of the World Cup opener in Mexico City, local authorities said.…
Keep reading
Fundraiser for, Karmelo Anthony, teen convicted of Frisco track meet murder, taken down
Convicted killer Karmelo Anthony’s family used fundraiser money for moving and living expenses. Karmelo Anthony will serve his sentence while it appears the fundraising campaign for his family organized by…
Keep reading
World’s largest whale graveyard discovered by sub at bottom of ocean: “Completely unexpected”
The world’s largest whale graveyard has been discovered at the bottom of the Indian Ocean by Chinese scientists, who found that the vast expanse of both new and ancient carcasses…
Keep reading
Tularemia detected in Northern Colorado after dead rabbit discovered in Berthoud
Tularemia has been detected in Northern Colorado after a dead rabbit was discovered in a Berthoud neighborhood. According to Larimer County Department of Health and Environment, the bacteria was identified…
Keep reading
High-end cars participating in 2026 Hot Rod Power Tour stolen, damaged in Joliet hotel parking lot
Multiple high-end cars participating in the 2026 Hot Rod Power Tour were damaged, and some were stolen from a hotel parking lot in Joliet, Illinois, early Tuesday. Police said officers…
Keep reading
New “glamping” reservations at Laurel Hill State Park canceled over tent safety concerns
Last October, Pennsylvania announced plans to bring “glamping,” or luxury camping, to several state parks, including Laurel Hill State Park in Somerset County. But now, some of those plans have…
Keep reading
The Reflecting Pool Controversy Is Absurd: Not Everything Trump Does Has to Be a Crisis
One must wonder whether President Trump’s least discriminating critics have ever read the fable of “The Boy Who Cried Wolf” — or at least whether, if they have, they understood that…
Keep reading
Seven Jailed over Violent Protests Following Murder of Handcuffed Nowak
A total of seven men have now been sentenced to prison for their roles in the violent protests that broke out in Southampton last week in the wake of the…
Keep readingSomething went wrong. Please refresh the page and/or try again.
You must be logged in to post a comment.