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Elon Musk's wealth skyrockets after SpaceX IPO success

Jun 16, 2026, 2:00 AM10
(Update: Jun 16, 2026, 2:00 AM)
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Elon Musk's wealth skyrockets after SpaceX IPO success

  • SpaceX surpassed Amazon's market cap shortly after its IPO, despite earning significantly less revenue.
  • Retail investors contributed $225 million in the first two days of trading, driving demand for limited shares.
  • Elon Musk's wealth increased to $1.27 trillion, raising questions about the sustainability of SpaceX's valuation.
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