Economy

SpaceX IPO makes Musk first trillionaire as Ukraine seeks more aid and US leads oil exports

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Posted Jun 12, 2026, 01:00 PM UTC · In the digest of 2026-06-12-1300
SpaceX IPO makes Musk first trillionaire as Ukraine seeks more aid and US leads oil exports

SpaceX's record-breaking IPO valued the company at $1.77 trillion, making Elon Musk the world's first dollar trillionaire. Ukraine plans to request $20 billion in military aid, while the US became the top oil exporter.

SpaceX has concluded its initial public offering, raising $75 billion by selling 555.6 million shares at $135 each. This transaction valued the aerospace company at approximately $1.77 trillion, marking it as the largest IPO in global history. Consequently, Elon Musk's net worth exceeded $1.1 trillion, making him the world's first dollar trillionaire. Separately, Ukraine intends to seek an additional $20 billion in military assistance from NATO partners at the upcoming Ukraine Defense Contact Group meeting on June 18, aiming to sustain its battlefield advantage. Meanwhile, the United States has emerged as the world's leading oil exporter, surpassing both Saudi Arabia and Russia.

Sources: Forbes Ukraine, Радіо Свобода, Українська правда

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