1 min readJun 12, 2026 11:30 AM IST
SpaceX founder Elon Musk has become the first person in the world to get the “trillionaire” tag. Investor confidence in Musk’s businesses was on full display on Thursday when SpaceX, which deals in reusable rockets, satellites and artificial intelligence, secured a record USD 75 billion through its initial public offering, reported news agency Reuters.
Alongside electric-vehicle manufacturer Tesla, SpaceX sits at the heart of Musk’s business empire.
Before the share offering, Forbes estimated Musk’s net worth at around $780 billion, placing him comfortably ahead of the second-richest individual, Alphabet co-founder Larry Page.
