Elon Musk is world's richest person and SpaceX's two trillion dollar orbital AI bet

On June 12, 2026, SpaceX completed the largest initial public offering in history, raising $75 billion and officially debuting on the Nasdaq. This monumental financial event propelled Elon Musk to become the world's first trillionaire as the company's valuation soared to $2.1 trillion by the end of its first trading day. Investment experts and analysts highlight that while the stock saw a nearly 20% surge, the listing was characterized by unprecedented scale and strategic scarcity engineering by lead underwriters like Goldman Sachs. Beyond the financial figures, the sources emphasize how SpaceX’s affordable launch costs and Starlink satellite business are establishing the critical infrastructure for a new era of space-based innovation and AI data centers. While the debut was a massive success, market commentators warn that historical data suggests long-term volatility for high-valuation IPOs once initial investor lockup periods expire. This historic milestone reflects a significant shift in global capital markets and solidifies the company’s dominance in the burgeoning commercial space industry.