Elon Musk becomes the world's first trillionaire with SpaceX's IPO
Source: CBS News
Elon Musk has become the first person to cross the trillionaire threshold, at least on paper, after SpaceX priced its blockbuster initial public offering at $135 a share.
Before the IPO, Musk was worth an estimated $813 billion, a fortune more than twice as large as the planet's second-richest person, Google co-founder Larry Page, who is worth an estimated $288 billion, according to Forbes.
SpaceX formally setting its stock price at $135 boosted Musk's fortune to just over $1 trillion. The shares, which will trade under the ticker symbol "SPCX," are poised to begin trading on Friday after the Nasdaq Composite index opens at 9:30 a.m. If SpaceX rises above $135 per share, Musk's wealth will climb further, though he could fall below the trillionaire threshold if the stock sinks.
Snip
Musk's surging fortune represents a "new Gilded Age" of wealth inequality, Oxfam America senior director of economic justice Nabil Ahmed said in a statement.
"Elon Musk's rise to trillionaire status marks a new pinnacle of oligarchy," Ahmed said.
Read more: https://www.cbsnews.com/news/elon-musk-spacex-ipo-trillionaire-wealth/
Hope it all ends up in the pockets of Epsteins victims and their families.
Pinback
(13,684 posts)Dont let the podbay door hit your ass on the way out.
Kid Berwyn
(25,330 posts)In 1953, former NAZI, Project PAPERCLIP import, and father of the V-2 and Saturn-V rockets, Dr. Werner von Braun, published Project Mars, a science fiction novel to generate interest in rocketry and manned space exploration. Von Braun's book also mentioned the name of the man who would lead a 10-person "Kabinett" to administer Mars. Coincidentally or not, Von Braun named the fellow, Elon.

PDF to same.
This really, really bugs me.

An excellent article from The Debrief:
Did Wernher von Braun Actually Predict Elon Musk Would Rule Mars Over 70 Years Ago?
by Tim McMillan
The Debrief, January 28, 2025
In the annals of space exploration history, a curious coincidence recently captured the imagination of science enthusiasts and conspiracy theorists alike.
On January 27, a social media claim went viral, alleging that Wernher von Braun, the famed German-American rocket scientist, had predicted a leader named Elon would guide humanitys colonization of Mars. This claim originates from a passage in The Mars Project, an obscure science fiction book by von Braun in 1948.
Snip...
However, a closer examination of the factsand the historical context surrounding von Brauns workpotentially offers a more nuanced and ultimately less mystical explanation for the bizarre coincidence.
Snip...
In the text, von Braun envisions a Martian society with a political structure akin to a technocracy. The leader of this society is referred to as Elon, a title rather than a proper name.
The government of Mars consisted of ten men. At its head was a governor elected by the general population for five years at a time, whom the Martians called the Elon, von Braun wrote.
Why von Braun chose the name Elon for the leader of the Martian colony in The Mars Project remains a subject of speculation. One plausible explanation is that von Braun, who was once a member of the Nazi Party and came to America through Operation Paperclip, likely deliberately avoided German words commonly associated with leadership titles, such as Führer, due to their apparent connections to Adolf Hitler.
Continues...
https://thedebrief.org/did-wernher-von-braun-actually-predict-elon-musk-would-rule-mars-over-70-years-ago/
Some passages seem to have struck and stuck.

A self-fulfilling wannabe Martian dictator uh leader displays a non-traditional gesture of salutation.
Alice B.
(753 posts)Hope it all ends up in the pockets of Epsteins victims and their families.
And save a little toward the other damage hes wrought.
Kid Berwyn
(25,330 posts)Newly released files from DoJ show the pair making plans in 2012 and 2013 for the Tesla CEO to visit Epsteins island
Elon Musk had more extensive and more friendly communications with the financier and sex offender Jeffrey Epstein than previously publicly known, according to documents released on Friday by the Department of Justice. Emails in the files appear to show the two cordially messaging each other on two separate occasions to make plans for Musk to visit Epsteins island.
The documents include Musk and Epstein emailing in both 2012 and 2013 to determine when Musk should make the trip to Little St James. Neither exchanges appear to have resulted in Musk visiting the island, due to logistical issues.
Will be in the BVI/St Barts area over the holidays. Is there a good time to visit? Musk states on 13 December 2013.
any day 1st - 8th . play it by ear if you want. always space for you, Epstein replies.
Continues
https://www.theguardian.com/technology/2026/jan/30/elon-musk-epstein-files-island-visits
Alice B.
(753 posts)The rot in these people is at a scale that just defies understanding. Cartoon villains, real world damage.
hkp11
(293 posts)shares in muskrat's spacex for free from mustrat
Initech
(109,493 posts)Andy Canuck
(324 posts)Double barf.
Polybius
(22,226 posts)littlemissmartypants
(35,076 posts)I'm manifesting a the bigger they are, the harder they fail scenario for eloon, and the sooner, the better.
He's a leech.
He should be on everyone's sh¡t list because of the damage he and his blindly allegiant hired hit men did to USAID and the rest of our republic.
Unfortunately, he has a large cult following of mostly misogynist incel bros.
He is a disgustingly vile pasty white nationalist drug addict pseudointellectual nazi.
I will celebrate his ultimate and final elimination.
James48
(5,266 posts)They are still trying to match up buyers and sellers in pre-market and standing orders- its been going as high as $175 in pre-market , and they are saying (its at $160 as of 11:20 ) it will be a while before they are done with all the preorders run through-orders and ready to actively trade.
popsdenver
(2,746 posts)As I have witnessed, only the UBER rich clients are allowed to buy the IPO stock...........
Sooooo, classically what happens is, they are allowed to buy the stock at the opening price that is established........In this case....135?/share
The price always goes up radically in the first 2-3 hours, and then usually goes down. The UBER rich clients buy however many shares they have been "allotted" at the opening price, then sells three hours later before the peak, and before the price starts to retreat......
In this case they buy at 135 a share, and if they get out at 160 a share, they make approximately 20% on their investment in THREE HOURS......
Cute, huh.........
Midnight Writer
(25,925 posts)This is just the beginning. Soon he will have three trillion, four trillion, more.
The sky is the limit.
He won't be the only one. Other billionaires are racing to get their trillions, too.
If we don't act to stop this, there will be about a dozen people owning 90% of our country's wealth.
Is that what we want? Are these people really each the value of tens of millions of regular working folks?
Initech
(109,493 posts)efhmc
(17,162 posts)Bayard
(30,532 posts)That's more than some country's national treasury.
EX500rider
(12,838 posts)bucolic_frolic
(56,179 posts)Grab your phone and sign away your life now
($63 was the lowest of the models floated in a Morningstar article this morning, saw the link on Google Finance.)
liberalgunwilltravel
(1,286 posts)And hopefully, soon.
purr-rat beauty
(1,547 posts)The American public deserve to get back some of their money
Fuck musk
Initech
(109,493 posts)Elon played us and we fell for it. He deserves nothing but a lifetime in maximum security prison. And so do Bezos, Ellison, and Zuckerberg.
Bengus81
(10,473 posts)Skittles
(173,426 posts)and these same fuckers will whine about any suggestion to raise the minimum wage.........disgusting
LessAspin
(2,069 posts)If instigating Race Riots or helping to elect Trump were Good
NEW: The horrific racist attacks in Belfast this week were orchestrated by young members of the global Active Club networkâneo-Nazis that promoted using violence in Northern Ireland. @davidgilbert.bsky.social w/ the scoop: www.wired.com/story/a-whit...
— Andrew Couts (@couts.bsky.social) 2026-06-12T13:24:43.553Z
Elon Musk, on the verge of becoming the worldâs first trillionaire, is whipping up anti-immigration tensions amid ongoing riots in Northern Ireland.
— The Verge (@theverge.com) 2026-06-11T15:57:38.746Z
Musk called to prosecute politicians for allowing âdangerous third world savagesâ into the UK.
Elon Musk spent 0 million getting Trump elected.
— Robert Reich (@rbreich.bsky.social) 2026-06-12T19:01:08.535686Z
During this midterm cycle, he's spent million.
In total, thatâs 0.0375% of his trillion net worth.
Oligarchs can rig the system at the expense of everyone else, and only spend pennies doing so.
We must get Big Money out of politics.
Yo_Mama_Been_Loggin
(138,316 posts)Red Mountain
(2,396 posts)Lawyers........GOOOOooooooo!!!!!!!!!!
Blue Owl
(59,838 posts)LudwigPastorius
(15,172 posts)The pallets of dollar bills stop at 9,935 feet. Musk has almost 6 times the amount of that final stack now.
The pile of money representative of his current wealth would be 58,446 feet high...that's twice the height of Mount Everest.