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  "path": "/story/26/06/12/0612250/spacex-ipo-makes-elon-musk-worlds-first-trillionaire?utm_source=rss1.0mainlinkanon&utm_medium=feed",
  "publishedAt": "2026-06-12T15:04:45.145Z",
  "site": "https://news.slashdot.org",
  "tags": [
    "money",
    "Read more of this story"
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  "textContent": "An anonymous reader quotes a report from Reuters: Few business leaders have been as deeply embedded in popular culture as Elon Musk, the ambitious entrepreneur who has become a central figure in internet culture and amassed a fortune that has made him the world's first trillionaire. At a time when concerns about inequality are high and public attitudes toward the ultra-wealthy have soured, Musk has managed to retain a loyal following despite his stratospheric net worth and without the folksy persona that endeared other tycoons such as Warren Buffett to the masses. While admirers view Musk's no-filter style as part of his appeal, critics have accused him of wielding oligarch-like power, raised concerns about governance at his companies and objected to his increasingly partisan political interventions. Still, SpaceX, the sprawling rocket, satellite and AI company that together with electric-car maker Tesla form the center of Musk's empire, raised a record $75 billion in its initial public offering on Thursday, highlighting investor enthusiasm for his business ventures. Prior to the share sale, Forbes pegged his net worth at roughly $780 billion, far ahead of the man next in line, Alphabet co-founder Larry Page. \"The second richest person has been hovering around $300 billion, so about less than one-third of what Musk can potentially be worth tomorrow,\" said Matt Durot, deputy editor at Forbes Wealth. \"And only one other person, (Oracle founder) Larry Ellison, has ever been worth $400 billion.\" Most of Musk's wealth now rests with SpaceX, where he holds a stake worth roughly $866 billion. Along with Tesla and the rest of his properties, his net worth will exceed $1.1 trillion when the stock begins trading Friday, according to Forbes and Reuters calculations based on company filings.\n\nRead more of this story at Slashdot.",
  "title": "SpaceX IPO Makes Elon Musk World's First Trillionaire",
  "updatedAt": "2026-06-12T15:00:00.000Z"
}