Can you spend $1 trillion? We hand you Musk’s fortune to find out
Elon Musk has become the world's first trillionaire following SpaceX's initial public offering on Friday. A trillion, defined as 1,000 billion, represents an immense sum of money. To illustrate its scale, spending $1 million daily would take 2,700 years to deplete $1 trillion.
The story so far
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How outlets cover it
5 outletsNot rated on the left–right scale. It describes Western party politics and doesn’t fit state media or outlets outside that system, so we show ownership and country instead.
Open questions and key claims
Fabien Yip states that SpaceX fixing a price before the roadshow reflects Musk’s control and confidence.
Morningstar calculates SpaceX is worth $63 a share, well below the anticipated IPO price of $135.
Senator Elizabeth Warren called for the SEC to delay SpaceX's IPO due to valuation and governance concerns.
SpaceX claims Starlink has a total addressable market of $1.6tn; Morningstar estimates it at $129bn.
SpaceX priced more than 555 million shares at US$135 each.
Elon Musk lamented: “Whoever said ‘money can’t buy happiness’ really knew what they were talking about.”
SpaceX will use money to 'fuel its growth strategy' around rockets, satellites, and AI.
Nancy Tengler calls SpaceX's AI business a 'cash incinerator'.
Who and where
Related stories over time
same people and places- Jan 31 – Feb 3 earlierElon Musk merges SpaceX with xAI at $1.25tn valuation6 articles · 5 outlets
- Feb 2 – Feb 9 earlierRussian military scrambles to find Starlink alternative after access blocked3 articles · 3 outlets
- Apr 1 – Apr 2 earlierElon Musk's SpaceX set to go public in $1 trillion share listing3 articles · 3 outlets
- May 20 – May 25 earlierWhy the SpaceX IPO is the talk of Wall Street and beyond8 articles · 5 outlets
- Jun 3 – Jun 15◆ This story
- Jun 16 laterSpaceX vaults past Amazon’s market value, briefly topping Microsoft3 articles · 3 outlets
- Aug 4 laterElon Musk’s SpaceX reports losses but less than expected3 articles · 3 outlets
- Sep 28 laterFiery end for SpaceX Starship mission5 articles · 4 outlets
- Oct 20 – Oct 21 laterMusk says Tesla and SpaceX are exploring a merger; no terms agreed
Elon Musk has said that special committees at Tesla and SpaceX are exploring a possible merger of the two companies, which would be one of the largest corporate combinations on record. No agreement on terms has been reached, and any deal would need shareholder approval. Tesla also reported third-quarter earnings above Wall Street projections around the same announcement.
6 articles · 4 outlets