{"id":2613601,"date":"2026-06-12T14:18:15","date_gmt":"2026-06-12T18:18:15","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/breaking-elon-musk-becomes-worlds-first-trillionaire-as-spacex-goes-public\/"},"modified":"2026-06-12T14:18:15","modified_gmt":"2026-06-12T18:18:15","slug":"breaking-elon-musk-becomes-worlds-first-trillionaire-as-spacex-goes-public","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/breaking-elon-musk-becomes-worlds-first-trillionaire-as-spacex-goes-public\/","title":{"rendered":"Breaking: Elon Musk Becomes World&#8217;s First Trillionaire as SpaceX Goes Public"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbreaking-elon-musk-becomes-worlds-first-trillionaire-as-spacex-goes-public%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2613601&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><br \/>\n<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<section> \t\t\t\t<script>console.log(\"ad slot (AC1)\")<\/script><script>console.log(\"ad slot (IC1)\")<\/script><script>console.log(\"ad slot (IC2)\")<\/script><script>console.log(\"ad slot (IC3)\")<\/script><script>console.log(\"ad slot (IC4)\")<\/script><\/p>\n<p>SpaceX roared through Wall Street\u2019s stratosphere on Friday in in its initial public offering, leaving Elon Musk in a solo orbit above it all as the world\u2019s first trillionaire.<\/p>\n<p>SpaceX s opened at $150, which, as noted by <a href=\"https:\/\/www.wsj.com\/livecoverage\/spacex-ipo-stock-market-06-12-2026\" target=\"_blank\" rel=\"noopener\">The Wall Street Journal<\/a>, was 11 percent above the IPO price of $135 per .<\/p>\n<p>Musk\u2019s  of SpaceX is worth about $690 billion. His stake in Tesla is worth about $279 billion.<\/p>\n<p>As SpaceX executives rang the opening bell at the New York Stock Exchange, Musk watched on video.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Very inspiring words from Elon Musk today:<\/p>\n<p>\u201cI always think about this. There are always problems on earth. There\u2019s always things that we wish to be better, that we want to solve on Earth, and we should solve them. But there there also has to be things that get you excited\u2026 <a href=\"https:\/\/t.co\/A9auOI1Daf\">pic.twitter.com\/A9auOI1Daf<\/a><\/p>\n<p>\u2014 Nic Cruz Patane (@niccruzpatane) <a href=\"https:\/\/x.com\/niccruzpatane\/status\/2065451688354275395?\">June 12, 2026<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>\u201cSpaceX wants to be able to take you to the moon, take you to Mars, and ultimately beyond,\u201d Musk <a href=\"https:\/\/www.pbs.org\/newshour\/amp\/economy\/elon-musk-could-become-the-worlds-first-trillionaire-with-spacexs-ipo\" target=\"_blank\" rel=\"noopener\">said<\/a>, according to PBS.<\/p>\n<p>SpaceX raised $75 billion by selling 555.6 million s.<\/p>\n<p>Early Friday, SpaceX was valued at \u00a0$1.77 trillion, but as its stock price rose, its value topped $2 trillion, according to <a href=\"https:\/\/www.cnbc.com\/2026\/06\/12\/spacex-ipo-spcx-live-updates.html\" target=\"_blank\" rel=\"noopener\">CNBC<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">.<a href=\"https:\/\/x.com\/elonmusk?\">@elonmusk<\/a> says he was literally \u201call in\u201d betting everything he owned on Tesla and SpaceX when his third rocket failed and Peter Thiel stepped in to save SpaceX:<\/p>\n<p>\u201cMy buddies from PayPal saved my butt.\u201d<\/p>\n<p>\u201cPeter Thiel\u2019s been a big supporter. He invested in SpaceX at an important\u2026 <a href=\"https:\/\/t.co\/caYEA0YYgU\">https:\/\/t.co\/caYEA0YYgU<\/a> <a href=\"https:\/\/t.co\/aKqIM34vUB\">pic.twitter.com\/aKqIM34vUB<\/a><\/p>\n<p>\u2014 Jawwwn (@jawwwn_) <a href=\"https:\/\/x.com\/jawwwn_\/status\/2065124428149662101?\">June 11, 2026<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Musk said SpaceX has had a positive cash flow for 11 years.<\/p>\n<p>He said he plans \u201ca significant growth phase\u201d and hopes to put more than 100,000 satellites in orbit and develop artificial intelligence data centers in space.<\/p>\n<p>SpaceX acquired Musk\u2019s xAI in February. That means SpaceX owns Grok and X as well as Musk\u2019s space-related projects, including Starlink.<\/p>\n<p>Musk was not alone in cashing in. CNBC <a href=\"https:\/\/www.cnbc.com\/2026\/06\/12\/elon-musk-trillionaire-spacex.html\" target=\"_blank\" rel=\"noopener\">noted<\/a> that SpaceX employees and executives who own the stock became millionaires and billionaires on Friday.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">ELON MUSK: \u201cIt is certainly hard to believe that little company that started in a warehouse in El Segundo is now going public. It was the largest IPO ever, and let me tell you, if people had told me this was gonna happen, I was like, man, you must be smoking some really good\u2026 <a href=\"https:\/\/t.co\/NAcJ9UkDqT\">pic.twitter.com\/NAcJ9UkDqT<\/a><\/p>\n<p>\u2014 DogeDesigner (@cb_doge) <a href=\"https:\/\/x.com\/cb_doge\/status\/2065433230883553577?\">June 12, 2026<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/> As of about noon on Friday, the stock had hit $165 a , a 22 percent increase from its initial target price, according to <a href=\"https:\/\/www.cnn.com\/2026\/06\/12\/business\/live-news\/spacex-goes-public-ipo\" target=\"_blank\" rel=\"noopener\">CNN<\/a>.<\/p>\n<p>SpaceX on Friday was ranked the sixth-largest U.S. publicly traded company behind Nvidia, Alphabet (parent of Google), Apple, Microsoft, and Amazon.<\/p>\n<p>Some commentators said one day does not a success make, as noted by <a href=\"https:\/\/www.cnbc.com\/2026\/06\/12\/spacex-stock-jumps-2-trillion.html\" target=\"_blank\" rel=\"noopener\">CNBC<\/a>.<\/p>\n<p>\u201cThis was a successful launch, no doubt about it,\u201d Jay Woods, chief market strategist at Freedom Capital Markets said. \u201cThe public demand is there, so that\u2019s a good thing. But now we\u2019ll wait to see if it can hold that open price, or was it an euphoric retail crowd driving it?\u201d<\/p>\n<div style=\"background-color: #f7f7f7; color: #171717; display: flex;font-size: 16px;font-weight: 600;line-height: 1.5;margin: 24px 0;padding: 18px 20px 18px 30px;text-align: left;\">\n<div style=\"align-self: stretch;border-left: 3px solid #171717;flex-shrink: 0;padding-left: 20px;\"><\/div>\n<p><a style=\"text-decoration: none;\" href=\"https:\/\/www.google.com\/preferences\/source?q=https:\/\/www.westernjournal.com\/\">Choose The Western Journal as your preferred source on Google and never miss reporting that defends truth, protects freedom, and advances Western civilization<\/a><\/div>\n<p style=\"border: 1px solid #f5f5f5; padding: 16px;\">Advertise with The Western Journal and reach millions of highly engaged readers, while supporting our work. <a href=\"https:\/\/www.westernjournal.com\/advertise-us\/?wj_source=article\">Advertise Today<\/a>.<\/p>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> \t\t\t\t\t\t<label>* Name<\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"name\" required> \t\t\t\t\t<\/div>\n<div class=\"sc--field\"> \t\t\t\t\t\t<label>* <\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"\" required> \t\t\t\t\t<\/div>\n<p> \t\t\t\t\t<label>* Message<\/label> \t\t\t\t\t<br \/> \t\t\t\t\t<textarea name=\"message\" required><\/textarea> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> \t\t\t\t\t<input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\"> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> \t\t<script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey == typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts = { \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs = [ 'name', '', 'message' ];  \t\t\t\t\tfor( var i = 0; i < inputs.length; i++ ) if( ! 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SpaceX s opened at $150, which, as noted by The Wall Street Journal, was 11 percent above the IPO price of $135 per . Musk\u2019s of<\/p>\n","protected":false},"author":1,"featured_media":2613602,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2026\/06\/Happy-Trillionaire-Elon.jpg","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[],"class_list":["post-2613601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2026\/06\/Happy-Trillionaire-Elon.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2613601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2613601"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2613601\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2613602"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2613601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2613601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2613601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}