{"id":160,"date":"2026-06-12T19:06:42","date_gmt":"2026-06-12T19:06:42","guid":{"rendered":"https:\/\/americanhousingtransition.com\/?p=160"},"modified":"2026-06-12T19:06:42","modified_gmt":"2026-06-12T19:06:42","slug":"elon-musks-net-worth-soars-to-1-1-trillion-as-spacex-goes-public","status":"publish","type":"post","link":"https:\/\/americanhousingtransition.com\/?p=160","title":{"rendered":"Elon Musk\u2019s Net Worth Soars to $1.1 Trillion as SpaceX Goes Public"},"content":{"rendered":"

Elon Musk is now the world\u2019s first trillionaire, after his company\u00a0SpaceX went public on Friday morning.<\/p>\n

Read more \u2018Independent\u2019 Senate Candidates Are Actually Relying on ActBlue, Dem Donations in Key Races<\/a><\/p>\n

The 54-year-old businessman and investor founded SpaceX, a space exploration company, in 2002. SpaceX\u2019s initial public offering was officially priced on Thursday at a valuation of $1.77 trillion, making it the highest-valued IPO in history.<\/p>\n

Forbes<\/em> estimates that Musk\u2019s net worth now hovers around $1.1 trillion, thanks to his 38 percent stake in the company.<\/p>\n

\u201cIt is certainly hard to believe that a little company that was started in a warehouse in El Segundo [California] is now going public with the largest IPO ever,\u201d Musk said in the livestream of NASDAQ\u2019s opening bell.<\/p>\n

Still, some critics took a skeptical view of the IPO\u2019s price, including financial services firm Morningstar, which argued yesterday that the IPO is overvalued due to the company\u2019s technology and capital needs.<\/p>\n

Read more U.S. Park Police Are Investigating Giant \u201886 47\u2019 Markings on National Mall Lawn<\/a><\/p>\n

Musk, for his part, emphasized the need for civilization to become \u201cmulti-planetary\u201d and said he hopes to turn science fiction into reality with SpaceX.<\/p>\n

SpaceX\u2019s original goal was a self-sustaining Martian colony, though Musk cited hopes of space travel beyond the solar system in the livestream. Recently, SpaceX has also made moves toward building a semiconductor plant with Tesla \u2014 the electric car maker that Musk also leads \u2014 and has\u00a0acquired xAI, Musk\u2019s AI company.<\/p>\n

Musk, the world\u2019s richest man, has also cofounded several other enterprises, including Neuralink and Zip2.<\/p>\n

Read more Trump Taps Former SEC Chair Jay Clayton for National Intelligence Director<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Elon Musk is now the world’s first trillionaire, after his company SpaceX went public on Friday morning.<\/p>\n","protected":false},"author":1,"featured_media":159,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting"],"yoast_head":"\nElon Musk\u2019s Net Worth Soars to $1.1 Trillion as SpaceX Goes Public - American Housing Transition<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/americanhousingtransition.com\/?p=160\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elon Musk\u2019s Net Worth Soars to $1.1 Trillion as SpaceX Goes Public - American Housing Transition\" \/>\n<meta property=\"og:description\" content=\"Elon Musk is now the world's first trillionaire, after his company SpaceX went public on Friday morning.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/americanhousingtransition.com\/?p=160\" \/>\n<meta property=\"og:site_name\" content=\"American Housing Transition\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-12T19:06:42+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/americanhousingtransition.com\\\/?p=160#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/americanhousingtransition.com\\\/?p=160\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/americanhousingtransition.com\\\/#\\\/schema\\\/person\\\/4ccdc45e963ff9df1519ca04968801ff\"},\"headline\":\"Elon Musk\u2019s Net Worth Soars to $1.1 Trillion as SpaceX Goes Public\",\"datePublished\":\"2026-06-12T19:06:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/americanhousingtransition.com\\\/?p=160\"},\"wordCount\":290,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/americanhousingtransition.com\\\/?p=160#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/americanhousingtransition.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/b2e68731c8aeee7d425a8830ec298137.webp\",\"articleSection\":[\"Interesting\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/americanhousingtransition.com\\\/?p=160#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/americanhousingtransition.com\\\/?p=160\",\"url\":\"https:\\\/\\\/americanhousingtransition.com\\\/?p=160\",\"name\":\"Elon Musk\u2019s Net Worth Soars to $1.1 Trillion as SpaceX Goes Public - 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