THE HALFAX HEIMDALL AUGUR

2026-07-10 07:20:10 UTC
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SpaceX IPO makes Elon Musk first trillionaire

abc_aualarabiyaaljazeerabbcblueskydailysabahdawndwfrance24gdeltguardianhinduhindustantimesindianexpressmainichimercopresspremiumtimesscmptasstheverge · 14 blocs · 2h ago

SpaceX's initial public offering raised about $75 billion, propelling Elon Musk's net worth to roughly $1.1 trillion and marking him as the world's first trillionaire.

SpaceX's initial public offering raised about $75 billion, and the company listed on the Nasdaq stock exchange. The offering consisted of 555,555,555 shares priced at $135 each, and shares closed at $161 on the Nasdaq on Friday. Reports differ on the percentage increase on debut, with some sources noting a rise of about 20 percent, Gulf sources reporting more than 21 percent in early trading, and other outlets citing a rise of more than 25 percent above the opening price.

Elon Musk became the world's first trillionaire after the IPO, with his net worth after the offering estimated at about $1.1 trillion. Accounts differ on his net worth before the IPO, with Tech sources placing it around $800 billion and other sources estimating it at about $780 billion.

Valuation figures for SpaceX after the IPO are contested. Western outlets reported valuations of about $2.2 trillion and $2.1 trillion, while other outlets gave figures of roughly $1.75 trillion and Latam sources cited about $1.77 trillion. These differing reports illustrate a range of post‑IPO valuations from $1.75 trillion to $2.2 trillion.

Single‑source reports add further details: the BBC noted a valuation of about $2.2 trillion, the Guardian reported about $2.1 trillion, GDELT cited roughly $1.75 trillion, and Mercopress mentioned about $1.77 trillion. The IPO was described by Premium Times as the biggest and a record‑breaking offering.

Additional single‑source information includes that SpaceX was listed on the Nasdaq (BBC), offered 555,555,555 shares at $135 each (TASS), closed at $161 on the Nasdaq on Friday (Premium Times), and that shares rose more than 21 percent in early trading according to Al Arabiya. The Verge reported Musk's pre‑IPO net worth around $800 billion, while GDELT reported it at about $780 billion.

This account was written only from facts that survived Augur's corroboration pass — 3 corroborated across opposed news blocs, 10 contested (attributed to both sides), 11 single-source (attributed). Nothing was added; no significance was inferred. Model Qwen3-Next-80B-A3B-Instruct. See the evidence & the verbatim quotes →