{"id":638,"date":"2026-06-12T19:41:50","date_gmt":"2026-06-12T19:41:50","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=638"},"modified":"2026-06-12T19:41:50","modified_gmt":"2026-06-12T19:41:50","slug":"elon-musks-trillionaire-status-blasted-by-lawmakers-here-are-the-strongest-reactions","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=638","title":{"rendered":"Elon Musk’s Trillionaire Status Blasted By Lawmakers\u2014Here Are The Strongest Reactions"},"content":{"rendered":"
\n

Contra<\/h2>\n

Goldman Sachs CEO and billionaire David Solomon congratulated Musk on the SpaceX IPO, adding he has known the trillionaire \u201cfor more than 15 years, as have several of my colleagues, and it\u2019s been incredible to see his vision come to life.\u201d Goldman Sachs served as the lead underwriter for SpaceX\u2019s IPO. Influencer Jake Paul disclosed<\/u> his public position in SpaceX, investing $9.4 million into the company and congratulating Musk.<\/p>\n

Read more Former Arsenal Player Denied Entry To Canada\u2014Won\u2019t Play For Ghana In World Cup Opener<\/a><\/p>\n

Forbes Valuation<\/h2>\n

We estimate Musk\u2019s net worth at $1.2 trillion as of 3 p.m. EDT, making him the world\u2019s wealthiest person by a massive margin. Google co-founder Larry Page, the world\u2019s second-wealthiest person, has an estimated net worth of $295 billion.<\/p>\n

Read more SpaceX Opens At $150\u2014Surging 20% After Largest IPO Ever (Live Updates)<\/a><\/p>\n

Key Background<\/h2>\n

SpaceX opened Friday afternoon at $150 per share and has since surged 20% since then. The IPO, which is the largest in history, provided the aerospace company with a market capitalization of $2.1 trillion, topping Saudi Aramco ($1.75 trillion) and Tesla ($1.49 trillion). Retail investors placed over $100 billion in orders ahead of the IPO, according to Bloomberg<\/u>.<\/p>\n

Read more SpaceX Now 8th Largest Public Bitcoin Holder\u2014With About $1.2 Billion Worth<\/a><\/p>\n

<\/div>\n

Further Reading<\/h2>\n

SpaceX Opens At $150\u2014Surging 20% After Largest IPO Ever (Live Updates)<\/u> (Forbes)<\/p>\n

SpaceX\u2019s IPO Just Made Elon Musk The World\u2019s First Trillionaire<\/u> (Forbes)<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Musk\u2019s net worth surged to $1.1 trillion on Friday following the initial public offering of his aerospace company SpaceX.<\/p>\n","protected":false},"author":1,"featured_media":637,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nElon Musk's Trillionaire Status Blasted By Lawmakers\u2014Here Are The Strongest Reactions - Coast to Coast Movers<\/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:\/\/coasttocoastmoverss.com\/?p=638\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elon Musk's Trillionaire Status Blasted By Lawmakers\u2014Here Are The Strongest Reactions - 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