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A trillion dollars is a stupid amount of money

Elon Musk is now officially the world’s first trillionaire. That is a colossal amount of wealth (and by proxy, power) for one individual to have. Its scale – a thousand times more than a billion – is difficult to fathom for those of us who aren’t among the 3,363 billionaires that currently exist in our […]

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Elon Musk is the world’s first trillionaire

Elon Musk’s net worth has passed the trillion-dollar mark after SpaceX’s IPO. His net worth, which was hovering around $800 billion before the IPO, includes the value of his 4.8 billion shares in SpaceX, along with his wealth from his other companies, like Tesla. Shares of SPCX opened at $150 and have remained well above […]

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SpaceX’s massive IPO: all the latest news

SpaceX’s IPO on Friday allows the public to buy shares of the combined rocket, AI, and social media company for the first time, and is raising enough money to likely make Elon Musk the first trillionaire.  He’ll have more wealth, on paper at least, than the economies of nations like Ireland, Sweden, or his home […]

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SpaceX rings the bell on its Nasdaq debut, and Musk admits he gave it ‘less than a 10% chance’

SpaceX rang the Nasdaq opening bell on Friday, marking its Nasdaq debut as a public company with the largest IPO on record. It did so in typical fashion. Hours earlier, a Falcon 9 rocket had launched a batch of Starlink satellites into orbit. “What other company would do something like that on the day it […]

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Starlink is SpaceX’s cash machine, but the maths is getting harder

SpaceX’s satellite internet service had 10.3 million subscribers at the end of the first quarter of 2026, more than double the 4.4 million it reported a year earlier. That growth rate is extraordinary by any standard in telecommunications, let alone for a business that delivers broadband from orbit. But the S-1 prospectus SpaceX filed ahead of what would […]

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SpaceX raised $75 billion in the largest IPO in history. Japanese retail investors got $2.2 billion of it.

SpaceX begins trading on Nasdaq today under the ticker SPCX after raising $75 billion in the largest initial public offering ever completed. The previous record holder, Saudi Aramco’s 2019 listing, raised $29.4 billion, making SpaceX’s offering roughly 2.5 times larger. A regulatory filing on Friday confirmed that Japanese investors accounted for $2.2 billion of the […]

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SpaceX raised $75 billion in the largest IPO in history. Japanese retail investors got $2.2 billion of it. Read More »

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