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SpaceX’s massive IPO: all the latest news

SpaceX’s IPO on Friday allows the public to buy shares of the combined rocket, AI, and social media company for the first time, and is raising enough money to likely make Elon Musk the first trillionaire.  He’ll have more wealth, on paper at least, than the economies of nations like Ireland, Sweden, or his home […]

SpaceX’s massive IPO: all the latest news
Primary source theverge.com ↗

Published June 12, 2026 · Category: AI Briefing

Overview

Elon Musk with money.

SpaceX’s IPO on Friday allows the public to buy shares of the combined rocket, AI, and social media company for the first time, and is raising enough money to likely make Elon Musk the first trillionaire. 

Details

He’ll have more wealth, on paper at least, than the economies of nations like Ireland, Sweden, or his home country of South Africa (CNN cites the International Monetary Fund saying only 20 countries have economies larger than $1.1 trillion), now largely based on the promise of a business based on launching AI datacenters into space.

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Source

Originally published at www.theverge.com.

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Note: This story is aggregated and summarized from the primary source linked above; the original publisher retains all rights. Details may evolve after publication — always confirm against the source. Nothing here is professional, legal or investment advice.

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