Economy

SpaceX IPO concludes, Musk becomes first trillionaire as Ukraine seeks aid and US leads oil exports

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Posted Jun 12, 2026, 01:30 PM UTC · In the digest of 2026-06-12-1330
SpaceX IPO concludes, Musk becomes first trillionaire as Ukraine seeks aid and US leads oil exports

SpaceX's record-breaking IPO has made Elon Musk the world's first dollar trillionaire, while Ukraine seeks further military aid and the US leads global oil exports.

SpaceX successfully concluded its initial public offering, securing $75 billion through the sale of 555.6 million shares at $135 each. This landmark transaction valued the aerospace firm at approximately $1.77 trillion, establishing it as the largest IPO in global history. Consequently, Elon Musk's personal wealth surpassed $1.1 trillion, making him the world's first dollar trillionaire. In other news, Ukraine plans to request an additional $20 billion in military assistance from NATO partners during the Ukraine Defense Contact Group meeting scheduled for June 18, aiming to preserve its current battlefield advantage. Concurrently, the United States has emerged as the leading global oil exporter, overtaking Saudi Arabia and Russia.

Sources: Радіо Свобода, Українська правда, Forbes Ukraine

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