Economy

SpaceX IPO concludes, Musk becomes first trillionaire; Ukraine seeks aid, US leads oil exports

Nexus Europa Newsroom
Posted Jun 12, 2026, 02:30 PM UTC · In the digest of 2026-06-12-1430
SpaceX IPO concludes, Musk becomes first trillionaire; Ukraine seeks aid, US leads oil exports

SpaceX's record-breaking IPO valued the company at $1.77 trillion and made Elon Musk the world's first dollar trillionaire. Meanwhile, Ukraine plans to request $20 billion in military aid, and the US is now the top oil exporter.

SpaceX successfully concluded its initial public offering, securing $75 billion through the sale of 555.6 million shares at $135 each. This landmark transaction valued the aerospace firm at approximately $1.77 trillion, establishing it as the largest IPO in global history. Consequently, Elon Musk's personal wealth surpassed $1.1 trillion, making him the world's first dollar trillionaire. Separately, Ukraine plans to request an additional $20 billion in military assistance from NATO partners during the Ukraine Defense Contact Group meeting scheduled for June 18, aiming to preserve its current battlefield advantage. Concurrently, the United States has emerged as the leading global oil exporter, overtaking Saudi Arabia and Russia.

Sources: Радіо Свобода, Українська правда, Forbes Ukraine

Sources

Earlier coverage