Economy

Elon Musk becomes first trillionaire after SpaceX's record IPO; US leads global oil exports

Nexus Europa Newsroom
Posted Jun 12, 2026, 08:30 AM UTC · In the digest of 2026-06-12-0830
Elon Musk becomes first trillionaire after SpaceX's record IPO; US leads global oil exports

Elon Musk's net worth has surpassed $1.1 trillion, making him the world's first dollar trillionaire, following SpaceX's record-breaking $75 billion IPO. Concurrently, the US has become the top global oil exporter.

Elon Musk has officially become the world's first dollar trillionaire, with his net worth exceeding $1.1 trillion following the successful initial public offering (IPO) of his aerospace company, SpaceX. The IPO reportedly raised a record $75 billion, placing 555.6 million shares at $135 each and valuing SpaceX at approximately $1.77 trillion. This event marks the largest IPO in global history, surpassing Saudi Aramco's previous record. In related economic news, the United States has now become the world's leading oil exporter, surpassing traditional market leaders Saudi Arabia and Russia, signifying a notable shift in global energy dynamics.

Sources: Forbes Ukraine, Радіо Свобода, Українська правда, Громадське

Sources

Earlier coverage