{"id":641,"date":"2026-06-12T20:44:21","date_gmt":"2026-06-12T20:44:21","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=641"},"modified":"2026-06-12T20:44:21","modified_gmt":"2026-06-12T20:44:21","slug":"spacex-shares-close-up-19-after-historic-ipo-makes-musk-worlds-first-trillionaire","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=641","title":{"rendered":"SpaceX Shares Close Up 19% After Historic IPO Makes Musk World\u2019s First Trillionaire"},"content":{"rendered":"
\n

Big Number<\/h2>\n

$2.1 trillion. That was SpaceX\u2019s market capitalization at market close Friday.<\/p>\n

How Does Musk\u2019s Wealth Stack Up To Billionaires?<\/h2>\n

Musk has eclipsed the world\u2019s wealthiest people in estimated net worth by more than three times. Google co-founder Larry Page, the world\u2019s second richest person, had a net worth of $293 billion as of Friday. Page is followed by fellow Google co-founder Sergey Brin ($271 billion), Amazon co-founder Jeff Bezos ($248.6 billion) and Oracle co-founder Larry Ellison ($231 billion).<\/p>\n

Read more Elon Musk\u2019s Trillionaire Status Blasted By Lawmakers\u2014Here Are The Strongest Reactions<\/a><\/p>\n

Key Background<\/h2>\n

Musk\u2019s SpaceX consists of multiple companies. The aerospace company acquired Musk\u2019s artificial intelligence startup, xAI, earlier this year in an all-stock transaction valued at $250 billion. The AI startup acquired the X social media platform last year in a $33 billion all-stock deal, meaning both xAI and X fall within the SpaceX umbrella. Musk\u2019s company has inked lucrative AI deals with Anthropic<\/u> and Google<\/u> and plans to be the domineering firm behind orbital data centers, which SpaceX has said could be deployed as early as 2028. Musk has positioned the data centers as an answer to the resource constraints data centers have on Earth as demand for AI ramps up.<\/p>\n

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

Further Reading<\/h2>\n

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

<\/div>\n

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

The aerospace company\u2019s market capitalization surged to $2.1 trillion by the end of trading.<\/p>\n","protected":false},"author":1,"featured_media":640,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nSpaceX Shares Close Up 19% After Historic IPO Makes Musk World\u2019s First Trillionaire - 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=641\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SpaceX Shares Close Up 19% After Historic IPO Makes Musk World\u2019s First Trillionaire - 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