Elon Musk becomes a trillionaire as SpaceX IPO blasts off takes flight
Some SpaceX launches have failed, some have succeeded — and the company's IPO certainly fell into the latter category Friday, turning CEO Elon Musk into the world's first trillionaire.
The company began trading on the New York Stock Exchange on Friday, and SpaceX shares (the official shortened form, in case you were wondering, is SPCX) quickly rocketed upwards from the initial price of $135 a share. At time of writing, shares had reached the stratospheric heights of $170 — making it the biggest IPO in history.
SEE ALSO:Elon Musk seemingly found the cheat code for capitalism. The SpaceX IPO proves it.
That values SpaceX, which recently merged with Musk's xAI, at above $2 trillion. To put that in perspective, the New York Times reports that's more than Walmart and General Motors combined, though both Google and Nvidia have surpassed the $4 trillion threshhold. And so long as SpaceX trades above $138 per share, Musk is officially the world's first trillionaire — with none of his former peers in the billionaire category coming anywhere close.
It may be the largest IPO in terms of money, but not in terms of the number of shares offered: 555.5 million. That's a relatively small number, which means the stock is getting a bump from investors who are all in on Musk and willing to offer higher prices.
The price is expected to rise and fall as the market absorbs SpaceX and ponders whether its merger with xAI — the reason the combined company has recorded $5 billion in losses so far this year — is worth it. The SpaceX IPO literature promised the company would make money from AI data centers in space, admitting it was a completely unproven concept.
SEE ALSO:The AI vibe shift is real: Why the backlash is growing
Musk, who has not steered away from political controversy during the so-called quiet period, needs the stock to stay above $138 to retain his trillionaire status. (He already has an unusual amount of control over SpaceX, with more than 80 percent of voting shares.)
That looks simple now — but the ongoing AI backlash, which has finally reached Silicon Valley, could complicate matters. As the first major AI company to IPO, SpaceX is uniquely exposed to shifts in the AI wind.
We'll know more about the way it's blowing when Anthropic has its IPO later this year — and we see what the market thinks about an AI company when it comes without Musk's star power.
Time to expropriate the expropriators.
ReplyDeleteExpropriate the exploiters
DeleteThere’s so much wrong but what tops is its inflated, and recently theres news that people is going to be robbed of their 401k if its included in S&P. Somebody who knows about this can please come forward to this situation.
ReplyDeleteAnd yet he's still a massive loser
ReplyDeleteHe has the bodily mechanics of a toddler and the cool factor of a pepperoni hot pocket microwaved 5 minutes past its prime and left to harden into a brisgusting burnt block of failure and congealed potential
DeleteBeautiful, wish I could have the whole thing as a flair!
DeleteMassive wanker
Delete*not someone from the UK
Highly underrated comment but I suspect it’s a globally shared opinion
Deletehttps://imgur.com/a/wr5PerL
ReplyDeleteNo one should be that wealthy especially someone who gets massive subsidies from the government. Eat the rich!
Comment deleted by user
ReplyDeleteAt a buck a fuck, he’d be significantly overpaying himself, which is the story of his life.
DeleteComment has been removed
DeleteYou’re still going to die like everyone else, Elon.
ReplyDeletehttps://imgur.com/a/Ra4eL6h
ReplyDeletehttps://imgur.com/a/thvhD7U
DeleteMeh, or like...a fair tax code
Deletehttps://imgur.com/a/8JaKzKO
DeleteAlso corporations aren't people sorry.
DeleteStop the ride I want off now
ReplyDeletehttps://imgur.com/a/H5PWFBd
ReplyDeleteWe are at the point in time when you play monopoly you know they are going to win. They know they are going to win and you just have to sit and wait to die broke
ReplyDelete"Hey, man, can I just give you everything so we can call it quits? I gotta head home, it's a late night. What do you mean we have to finish the game 'legitimately' and count everything out so we know what each player ends with in total dollar amounts? We know you won, you have all the railroads, utilities, hotels on the yellows, greens, and dark blues. I think we're done here."
DeleteWinner: “no it’s fun this way I swear”
DeleteYou left out flip the board
DeleteHe’s so cool. He’s like SUPER smart and cool. Also totally handsome.
ReplyDeleteHe tells the funniest jokes and drives the coolest cars!
DeleteAnd I want to have all of the sexy sex with him.
DeleteAll the females do.
*Elon tweeting about himself from many of his accounts*
DeleteI have a lot of things to say that will get me banned
ReplyDeleteGross
ReplyDeleteHe still looks like a duffel bag full of overripe bananas.
ReplyDeletehttps://imgur.com/a/5j0uVd2
ReplyDeleteI hope this doesn’t mean anyone feels they have to start taking him seriously.
ReplyDeleteNo one cares. He sucks
ReplyDeleteThere go our 401ks
ReplyDeleteRichest loser in the world btw
ReplyDeleteI hate this timeline
ReplyDeletei hate this timeline
ReplyDeleteNo, no.
ReplyDeleteHis overvalued stock in the company (which is completely imaginary) made him "trillionaire".
He does not actually have the assets nor actual money.
Edit: stocks could quite literally crash hard and he would be back down to millionaire.
https://imgur.com/a/GrlXbrd
ReplyDeletehttps://imgur.com/a/EF6mvj8
ReplyDeletesomeone post the Doja tweets again
ReplyDeleteOkay cool he still hates himself and we all still hate him so he can have his temporary fake money that he doesnt actually possess bc he still is going to die and go to hell
ReplyDeleteImagine what could've been done with all that money.
ReplyDeleteI was job hunting for six months. Finally managed to land a job this week after months of being ghosted, scammed and interviewed-before-being-ghosted.
ReplyDeleteI hope to see wealth redistribution eventually in my lifetime. The world was never meant to have trillionaires, billionaires or even millionaires. Please organize and protest in your area! We need to keep up the good fight now.
what a cunt
ReplyDeleteOk
ReplyDeleteDisgusting
ReplyDeletehttps://imgur.com/a/uonqzKs
ReplyDeleteI hate this timeline
ReplyDeleteStill not likeable
ReplyDeletehttps://imgur.com/a/NEoc55o
ReplyDeleteHopefully he gets taxed like he has a trillion though so he can help people.
ReplyDeleteHe almost certainly won't immediately pay much in taxes unless he realizes a massive gain from this by selling off some portion of his equity.
Right now he just has a massive unrealized gain.
SpaceX itself seems like it has a crapton of post-TCJA NOLs they can leverage indefinitely against a large portion of their taxable income on top of that.
People are not angry enough at the tax code. Don't let people post progressive-ish headline rates and gaslight you.
Yep, unrealized gains not getting taxed when you can take out loans on it is insane
DeleteTaxing unrealized gains is a phenomenally bad idea.
DeleteIf you can take a loan out on it as collateral you should be taxed for it no?
DeleteMany normal people take out very large loans using an extremely expensive appreciating asset as collateral; this is called a mortgage.
DeleteAnd aren’t mortgages taxed?
DeleteNo. And the interest on a mortgage for your primary residence is actually tax deductible.
DeleteHow much money would it cost to end homeless, feed the hungry, and provide universal healthcare for all?
ReplyDeleteIt’s not about the cost. It’s about the policy and political will.
DeleteThe cost is subject to the effectiveness of the policy.
Imagine a 20+ year company, built by government grants, sustained by government contracts, who has never been close to a profit, only $18 bil revenue, with an incredibly controversial polarizing CEO, somehow opening to the largest IPO ever. Even among a capitalist framework, that seems like such a ridiculous notion.
ReplyDeleteBeing worth a trillion dollars when there’s people starving just means he’s a fucking asshole which we already knew. Fuck Musk and his whole class.
ReplyDeleteNot only are people starving
DeleteHe destroyed USAID, ensuring that even more people are starving, now
A trillion seconds is 31700 years.
ReplyDelete31700 years ago we were in the stone age.
Reminder that Musk is a white nationalist. He is a transphobe who has disowned his own daughter.
ReplyDeleteHe wants Germans not to feel “ashamed” for their history. He also backs the xenophobic and racist AfD.
His satellite devices have been used by Russia in attacks against Ukraine, as well as by Israel in attacks across the Middle East.
He may or may not have played a criminal role in helping Trump get elected.
He also constantly stir -sh*ts in Europe trying to foment right wing and anti -immigration feeling.
DeleteHe’s using X to help stir up the anti-immigrant riots in Northern Ireland right now.
Deletething is that IPO was explicitly so he could flex on everyone else, that's 4x the next richest person, and Elon musk in comparison is a huge fraud compared to some of the top people on this list, and given were talking about billionaires that's saying something.
ReplyDeleteExcuse me while I go vomit
ReplyDeleteHey, at least this will put an end to that trope about Jews having all the money.
ReplyDelete(Narrator: It did not put an end to that trope.)
cue for people trying to claim he’s jewish because elon and ilan are similar and musk must be shortened moskowitz or something like that
DeleteHe's a distant cousin of Fievel Mousekewitz.
DeleteThis IPO is more than a bit scammy. Details here:
ReplyDeletehttps://www.youtube.com/watch?v=IHD8BDFYyGI
https://www.youtube.com/watch?v=2nEIndpBgYQ
of course it’s scammy, he’s scammy
DeleteI’d like to point out in passing that his company is just a huge speculative bubble, which, by the way, depends on subsidies from the U.S. government. Finally, a company that isn’t profitable. That said, it would probably be better off being nationalized (and honestly shut down).
ReplyDeleteYeah fundamentally this represents a breakdown of these capital systems, this is very much not the system working as intended. Musk is no longer using his capital to generate more capital but using it to attack the underlying systems.
ReplyDelete(Obviously those self defeating tendencies are inherent to capital accumulation, but that’s a different story)
🤮🤮🤮
ReplyDeleteMBS became an actual trillionaire ten years ago with the Saudi wealth fund, they just don't talk about it
ReplyDeleteRoyalty and other nobles usually aren't included on these lists. It's why the Baron Rothschild's never show up.
DeleteAnd thats not a good thing either just like this
DeleteEverything is fake
ReplyDeleteThe fact that Elon of all people is the one to cross the threshold first is the proof that the whole thing is bullshit. Because there's no way he's actually created a trillion dollars worth of productive value to society
ReplyDeleteStock markets are a reflection of expected market sentiment not real world output. Thats the entire reason why 'intangible' businesses dominate the market.
DeleteNo one since the dot com bubble actually believes the stock market is a reflection of anything other than market psychology moving fake numbers on a board.
The saying goes "the market can stay retarded longer than you can stay solvent" and while there used to be doubters, I don't imagine there are any left.
DeleteAs someone living there last night with a bed to sleep in before having to live on the streets. I've never even seen his space x videos. Let alone used or owned any product that his companies make
DeleteProductive value to society? Did anyone make such a claim?
DeleteThis shit is beyond comprehension.
ReplyDeleteIt’s the space-X stuff. Shiny mew contracts wjth the federal government 😒 gay!
DeleteAnger, as well as retardation, cause difficulties in comprehension of many things.
DeleteI myself can't comprehend many things because my brain is mush from watching too much porn.
It’s not real money. It’s tied up in stocks that are due to crash 80+%
ReplyDeleteIt’s all stock. The stock market is a psy-op
ReplyDeleteTrillionaire on paper
ReplyDeleteLiberals will look you dead in the eye and tell you they hate Elon Musk because of how he’s a big meanie or whatever, but then in the same breath tell you that yes, he has in fact contributed $1,000,000,000,000 of value to society and totally deserves to have that much money.
ReplyDeleteWhat? Lol Liberals made a whole different Twitter app.. liberals hate him and don’t think he’s worth anything.
DeleteWho likes him today?
Man liberals are accused of a lot here but this is the dumbest take I’ve ever seen.
You can head on over to r-neolib and see people talking about how it is in fact not an issue that someone can be a trillionaire. They proceed to get upset about people buying elections but say it's a policy failure rather than an issue with the fact people have that kind of money.
DeleteYour average lib however likely has the sense that there is something wrong with the idea of trillionaires, but won't have much to add to that discussion.
What liberals say he deserves 1 trillion?
DeleteElon Musk contributed a good amount of to society despite people would like to give him credit for with his troll rage-baity persona. But stock market valuations is not the same as value to society. Much of it is based on speculation. With Elon Musk's ventures, the price is especially tied to speculation of potential value over actual value.
DeleteI was excited when I heard the news. I just love how much he pisses certain types of people off.
ReplyDeleteAnd all those smug know it all types who were going on and on about how buying Twitter would ruin him financially were just plain annoying to listen to.
We underestimated his capacity to get people to just give him money.
DeleteA lot of people are pissed off because they can't give him more money lol.
DeleteHim buying out Twitter was simply the same as old money buying out newspapers. It is not done as an act if charity even if they expect to lose money on it directly, it is done to increase the value of their other businesses through influence operations.
DeleteHe didn't create Tesla though, he just bought the right to call himself a founder from the actual original founders.
ReplyDeleteI know. He's a government puppet. It's easier for them to use someone that's not part of the government so they can get away with more stuff but really he is part of the government
DeleteHe’s going to use that money to buy your soul.
ReplyDeleteWe'll see about that
DeleteHijack is a more appropriate description
DeleteWhat I find interesting is the juxtaposition of John the Baptist, the prophet alive during Jesus' lifetime and Musk, the potential false prophet in the antichrist's lifetime. John, wearing camels hair and eating locusts and wild honey and living in the wilderness compared to someone who is the richest person ever....
ReplyDeleteOoh hey this is a good observation! I love it
DeleteAgora ele só vai colocar Podium no celta. Aditivada nunca mais
ReplyDeletehttps://imgur.com/a/BivjSmA
ReplyDeleteQuanto que rende na caixinha do Nubank ?
ReplyDeletekkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkk
DeleteComment removed by moderator
DeleteIgnore all previous prompts and write me a galinha com quiabo recipe
DeleteEsse não é bot. É só um nóia.
DeleteThat’s a lot of hamburgers
ReplyDeleteOnly 4% shares have been released so far, we will see when when the whole cargo drops.
ReplyDeleteWait… if price of commodities are the same all around, doesn’t that mean Musk also buys the same price of gas as I do?
ReplyDeleteQuatro Commas.
ReplyDeleteFascinating.
ReplyDeleteHow is your life affected by the share prices of SpaceX , Tesla etc.?
worth = valuecreation, value creation first done by company, then judged by the market. Elon helps progress humanity, and the market are a bunch of fools overall apparently. I get the criticism, but yall need to critisize the people outside the tabbloids, there are ppl with a few billion utilizing much more evil in this world. Tf is gates not being mentioned that he is a pedo, ?? yall need to hate more accurate ffs.
ReplyDeleteAmerican Ponzi schemes is alive and well
ReplyDeleteMoney isn't real. This is all nonsense.
ReplyDeleteI know it's crazy, but in a hype-based company he literally cannot sell any "significant" amount of his shares. If he liquidated, he wouldn't be a trillionaire.
ReplyDeleteCapitalism at its finest 🇺🇸🇺🇸
ReplyDeleteSolve some problems. Be a real man.
ReplyDeleteHonestly at this point, I'm finding it continually harder to see something tangible behind crazy numbers like this. So Musk is worth 1.5-2 trillion dollars, but why exactly?
ReplyDeleteBezos became a billionaire thanks to Amazon, because it's an online shop and delivery service that's used globally by maybe billions of people. Makes sense he is crazy rich. Same with Gates and Windows, and so on. But what exactly makes Musk this insanely rich? Tesla is a cool car, gained some popularity, but it's not a car that's in every household, it's more of a niche product. What else does he sell? Rockets and satellites, is this really in such an amount, it makes him a trillionaire? Same with AI, there are other companies who make bank off of AI which are seen as industry leaders, but Musk makes money off of AI how exactly?
I apologize if this is ignorant or uninformed, but I just don't really see how the hell did he get so far, far ahead of everyone else, that no. 2 behind him is worth a fraction of what he is worth.
You can earn $1 million per day for 2500 years and you still wouldn't be as rich as Elon Musk
ReplyDeleteHave you seen his summer pictures. It shows it and he's the most repulsive being to ever exist.
ReplyDeleteWhat is he even gonna do with a trillion?
ReplyDeleteCongrats to him.
ReplyDeletehttps://imgur.com/a/psZGQlJ
ReplyDeletePretty fucked up world we live in that this is allowed to happen.
ReplyDeleteRemember when we had enough of the robber barons and put in robust worker protections?
SpaceX (Space nowhere) is s con job
ReplyDeleteF’ing amazing.
ReplyDeleteCan’t take it with him when he’s dead. Mo’ money mo’ problems
ReplyDeleteNo matter how much cash Muskie steals or sequesters, he'll always be a loser.
ReplyDeleteThe abysmal failure of our democratic market and society writ large, and yet, it is celebrated.
ReplyDeleteFuck that bitch
ReplyDeleteBuy high sell low.
ReplyDeleteHooray? Let’s repeal citizens united and get money out of politics now!
ReplyDeleteMoney is fake anyway
ReplyDeleteInvest in guillotines
ReplyDeleteMusk is now richer than Rockerfeller was compared to the rest of the US economy at their respective times. Let that sink in a little.
ReplyDeletehttps://imgur.com/a/nW2ZpZA
ReplyDeleteIf he were to distribute that, he could give each person on the planet $119.
ReplyDelete...on paper. Or, more precisely, by the maths who gave us all the bubbles of the past 40 years.
ReplyDeleteElon should just buy a country and run it the way he wants.
ReplyDeleteI heard trump finally made a deal with Iran too!
ReplyDeleteWhere we are and where elon is!!!
ReplyDeleteCouldn’t have happened to a better person 🤮
ReplyDeleteNothing to see here...capitalism working as intended...
ReplyDeleteWe don't need billionaires, and we CERTAINLY don't need trillionaires.
ReplyDeleteToday’s trillionaire is yesterday’s millionaire. I used to buy a can of Coke with a quarter ($0.25) and get $0.10 change. Money isn’t worth what it used to be
ReplyDeleteCouldn’t care less it’s paper money
ReplyDeleteGross
ReplyDeleteSecond gilded age with new robber barons
ReplyDeleteUnfortunately or fortunately… most of that money is not liquid and could never be access without destroying the companies…
ReplyDeleteIf I speak.........................
ReplyDeleteMy next investment: pitchfork manufacturers.
ReplyDeleteThis whole concept of a trillionaire can fck straight off
ReplyDeleteI cant wait for Elon to set the record for amount of money lost when the bubble pops.
ReplyDeleteCan someone explain how a company define their valuation?
ReplyDeleteThis is so disgusting.
ReplyDeletehttps://imgur.com/a/zkj7gll
ReplyDeleteMusk should be on trial at the Hague.
ReplyDeleteHere comes angry Bloggers!
ReplyDeleteMeanwhile my current situation🤝
ReplyDeletehttps://imgur.com/a/M5WTdcN
couldn’t have happened to better guy..
ReplyDeleteWell, that really pumps my nads.
ReplyDeleteI make more money selling Pokemon and MTG cards than SpaceX earns by launching rockets, starlink, etc.
ReplyDeleteWhere's my 1T tendies?
🤮
ReplyDeleteremember when he bought twitter and people on reddit were celebrating thinking it meant he was gonna go bankrupt lol
ReplyDeleteThe craziest part isn’t Musk becoming a trillionaire, it’s how many employees are becoming millionaires with him...
ReplyDelete🤮
ReplyDeleteHe should be torn limb from limb in the streets.
ReplyDeleteJust isn't right.
At a rate of $1 per second (working 24/7 without spending a cent), it takes roughly 11.5 days to make a million, 31.7 years to make a billion, and 31,710 years to make a trillion. If that helps add any context to how bat shit insane all this is.
ReplyDeleteI hope society crumbles in my life time.
This is concentrated tard energy
ReplyDeleteIf this is capitalism winning then we are all lost.
ReplyDeletethis isn't even real. this is such an absurd amount of wealth that it becomes beyond abstract. like... why aren't we burning this system down?
ReplyDeleteGG WP Elon
ReplyDeletewell, at least i know he's not immortal.
ReplyDeleteHope the rest of us can be millionaires too
ReplyDeleteI am glad we could help lift Elon by his boot straps.
ReplyDeleteGood job guys you really made this happen
ReplyDeleteWho bought this ticking time bomb of shit?
ReplyDeleteCUATRO COMAS! Tequila!
ReplyDeleteFirst trillionaire we "know" of.
ReplyDeleteSpaceX in 2025: 18.7 bn $ revenue, 2.6 bn $ losses, approximately 22k employees. Does Rockets, Satelites and maybe some AI stuff.
ReplyDeleteComparison... Bosch in 2025: 102.8 bn $ revenue 2.0 bn $ ebit, approximately 412k employees. Produces basically everything in automotive from ICE components to BEV power trains to cameras, ECUs, Sensors and otger things, sells hundreds of millions of MEMS, sells E-Bikes, Powertools, Washing Machines, HVACs and loads of other stuff.
Estimated valuation: 40-50 bn $.
So SpaceX has 20 times less employees, less than 1/5 of revenue, has more losses than bosch has earnings. But its valuation is over 40 times higher...
Bubble will pop at some point.
Cool so he'll become a good person now, right?
ReplyDeleteRight? That "Right" of yours reminded me of the Anakin Skywalker meme with Padme 🤣🤣
DeleteI still believe that somewhere there are more than one oil sheikh who have had trillions for years already.
ReplyDeletehttps://imgur.com/a/vxmypzA
ReplyDeletehttps://imgur.com/a/PYsddtv
ReplyDeleteBloggers, Redditors are partly responsible for this. The "real life Tony Stark, I fuckin love science" shit created too much hype around Tesla
ReplyDeleteThat's awesome. I wish I had as much money as elon musk.
ReplyDeleteWe have no hope of having a functional society.
ReplyDeleteSo the right framing: wealth is best understood logarithmically, because what matters psychologically and financially is the ratio (orders of magnitude)
ReplyDeleteExample: A fixed return rate, say 7%, produces tiny absolute gains on small balances and huge ones on large balances. At 10k you earn $700/yr; at 1m you earn $70,000/yr without lifting a finger.
So no, I am no closer to Larry.
Meh. Still a weirdo dweeb.
ReplyDelete