Posted on 06/12/2026 11:53:24 AM PDT by SmokingJoe
Elon Musk is now a trillionaire thanks to the record-breaking IPO price, which also minted a new billionaire and boosted the fortunes of many others. SpaceX priced its IPO at $135 per share Thursday, implying a $1.8 trillion market cap for the company. That boosted Musk’s net worth by $188 billion to an estimated $982 billion, according to Forbes’ calculations. If Tesla’s share price remains unchanged and SpaceX’s stock climbs to $138.50 per share when trading starts Friday, Musk will become the first trillionaire in world history. He’d also become a trillionaire if Tesla’s stock rises from $399 to $424 per share, and SpaceX’s stays at $135, a less likely scenario.
Musk, who serves as chairman, CEO and chief technical officer of SpaceX, owns 4.8 billion shares of the rocketmaker, worth $644 billion. He has another 350 million stock options with an exercise price of $8.40 per share, worth $44 billion, giving him a 38% stake in the company, worth $688 billion at the IPO price. Forbes had been valuing Musk’s estimated 40% stake (before dilution from the public offering) at around $500 billion, based on the $1.25 trillion valuation of SpaceX’s merger with Musk’s artificial intelligence and social media company xAI in February. (xAI previously merged with X–formerly Twitter–in March 2025.)
(Excerpt) Read more at forbes.com ...
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SpaceX (SPCX) is now trading at 169.20........Elon is a Trillionaire. DemocRATs will be looking for ways to loot.
I bought 6 shares at opening. I’m up about $100. Will grab some more in a few months or whenever it tumbles a bit.
Yes, there will be dip opportunities over the next few months, a good strategy is to wait for those dips. TSLA is currently in a dip scenario, and is expected to quickly rise in value over the next few months when SPCX announces a merger possibility. The supposed merger to take place in 2027. The merger will benefit stockholders of both companies.
Chancery judges in Delaware extremely pissed off!
Yep he’s a trillionaire! And I don’t begrudge him one cent of it!
He’s also created (and will continue to create) thousands of millionaires, while producing products and services that people gladly exchange their money for.
He’s a force of nature and a national treasure!
Elon Musk's companies currently employ roughly 160,000–180,000 people directly (as of mid-2026), with Tesla and SpaceX accounting for the vast majority.b79d03
This is the best proxy for “jobs created” under his leadership, as these are direct employees at the companies he founded or leads.
Note that exact totals fluctuate with hiring, layoffs, mergers (e.g., SpaceX acquiring xAI), and growth.
*snort*
Most of my family wanted in on this expected-to-be-historic event.
Hubs and I reserved 10 shares. Daughter reserved 10 shares. DiLaw works for Tesla and was guaranteed her 12 shares. Son tried for 300.
Dust settles this AM. Daughter got her 10. DiL got her 12. Son got 250. This lottery pick sucks. Hubs and I got 1.
Hopefully it’ll fall a bit from the 170, we’ll get some more then.
The truth of the matter is that I have become a fairly heavy user of AI products. I subscribe to a couple major providers and use others through APIs. But I have to admit that as an investment... I personally would be very cautious about these IPOs.
Here is the review of a video just released -
AI bubble: ‘It’s approaching vindication hour for me’ | Ed Zitron. I follow him fairly closely.
https://gemini.google.com/share/53fdaa48e195
Here is the actual url to the video.
Here is a summary of another video from another YouTube Channel that I follow:
The 3 Biggest IPOs in History Are Collapsing. Nobel Economist Says RUN.
https://gemini.google.com/share/2ac39c8a1515
Here is the actual url to the second video:
I have no illusions that many or any people in this discussion will follow any of these links. Many people here are very vulnerable to hype.
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