Economy

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

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Posted Jun 12, 2026, 10:30 AM UTC · In the digest of 2026-06-12-1030
SpaceX IPO makes Musk first trillionaire as US leads oil exports, Ukraine seeks aid

SpaceX's initial public offering raised $75 billion, valuing the company at $1.77 trillion and making it the largest IPO ever. This propelled Elon Musk to become the world's first dollar trillionaire.

SpaceX successfully completed its initial public offering, raising $75 billion by selling 555.6 million shares at $135 each. This historic event valued the aerospace company at approximately $1.77 trillion, making it the largest IPO globally. Following this, Elon Musk's personal wealth surpassed $1.1 trillion, establishing him as the world's first dollar trillionaire. In other news, the United States has become the leading global oil exporter, surpassing Saudi Arabia and Russia. Separately, Ukraine intends to request an additional $20 billion in military aid from NATO allies during an upcoming meeting of the Ukraine Defense Contact Group.

Sources: Forbes Ukraine, Радіо Свобода, Українська правда

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