Friday, June 12, 2026

Musk becomes first trillionaire with SpaceX IPO

Elon Musk has become the world’s first trillionaire after his company SpaceX went public on the Nasdaq exchange in New York City.

The share price skyrocketed nearly 20% on its first day of trading.

However, questions remain about whether the company is overvalued, especially amid warnings from SpaceX itself that it may never be profitable.

Nick Harper reports from Washington.

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